Meta Stock Slips While Monness Target Hike to $830
Yahoo Finance ·
Meta Stock Slips While Monness Target Hike to $830 Renato Neves, CFA Mon, September 28, 2026 at 10:56 AM EDT 1 min read META This article first appeared on GuruFocus . Monness, Crespi, Hardt raised its price target on Meta Platforms ( NASDAQ:META ) to $830 from $730 and kept a Buy rating, pointing to last week's Meta Connect 2026 event. The new target sits about 10% above Friday's close of $751.66. Meta shares were down 2.08% in premarket. Warning! GuruFocus has detected 8 Warning Signs with AMD. Is META fairly valued? Test your thesis with our free DCF calculator. At Connect, Meta showcased its recently launched personal AI agent, Muse, unveiled Muse Charm and announced new AI glasses, including an audio-only line without cameras, alongside lightweight Meta VR Glasses. Monness said Meta struggled for most of 2026 to show concrete evidence that its capital spending and Meta Superintelligence Labs pay packages were improving its AI position, and that Muse's early traction has shifted the narrative in its favor. Monness is more measured than several peers. Canaccord raised its target to $950 on strong early Muse adoption, while Jefferies, TD Cowen and Piper Sandler sit between $865 and $875. Oppenheimer holds a Perform rating, questioning how Meta will make money from Muse despite U.S. downloads of about 340,000 a day.
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