KeyBanc analysts raise price target and earnings estimates for Meta stock
The 12-month price objective was lifted from $475 to $540, implying roughly 8% upside from the last closing price. The firm increased its EPS estimates for 2024 and 2025 by 5% and 6%, respectively, and introduced its 2026 revenue and EPS forecasts.Through May, pricing on Gupta Media has grown by approximately 8 points year-over-year, which correlates closely with reported results.
KeyBank's updated forecast raises its 2024 and 2025 revenue estimates to $160.9 billion and $181.2 billion, marking an increase of 2% and 3%, respectively. This places KeyBank's projections at approximately 1% above the consensus for each year. For 2026, the firm anticipates revenue to reach $201.7 billion and EPS to hit $27.60, assuming around 11% year-over-year revenue growth and a flat operating margin.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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