Analysts liked what they heard from Meta Platforms late Wednesday. The tech giant reported fourth-quarter earnings and revenue that beat expectations , with sales surging 21% year over year. The company also said net income expanded by 49% from the year-earlier period. CEO Mark Zuckerberg also lauded President Donald Trump and said: “We now have a U.S. administration that is proud of our leading companies, prioritizes American technology winning.” He added that 2025 will be a year in which Meta can redefine its government relationships. Shares advanced about 1.4% in the premarket on Thursday. Here’s what analysts at some of the biggest shops on Wall Street had to say about the results. Goldman Sachs: buy rating, $765 per share price target Analyst Eric Sheridan’s forecast calls for roughly 13% upside from Wednesday’s $676.49 close. “While debates will likely persist around product transitions and industry platform headwinds in the quarters & years ahead, we remain focused on Meta’s large scaled audience across their Family of Apps against which the company can continue to align evolving consumption habits within short-form video, messaging, commerce, augmented reality & social connections.” KeyBanc: overweight rating, $750 per share price target KeyBanc’s outlook implies about 11% upside ahead. “Meta is executing well on product development (positive for revenue growth) and server useful lives are lengthening,” analyst Justin Patterson wrote on Wednesday. “While opex growth is starting the year higher than envisioned, we believe this reinforces our view that Meta is investing in strength and this should lead to a medium-term EPS and FCF inflection.” Morgan Stanley: overweight, $660 per share price target Meta Platforms has already run passed Morgan Stanley’s price target, which now equates to about 2% downside. “Big picture, META’s multiple could expand over the course of the year as we see its consumer and advertiser sources of utility and repeat engagement and incremental monetization grow,” analyst Brian Nowak said. Wells Fargo: overweight, $752 per share price target The firm’s outlook implies more than 11% upside for Meta. “We see META as an accelerating growth story with emerging upside AI options in messaging, ad tools and new consumer applications,” analyst Ken Gawrelski said. “Combined with a newfound appetite for efficiency, we believe META should be a steady earnings compounder at a reasonable multiple.” Bank of America: buy, $765 per share price target “While earnings momentum will stall in 2025, we think Meta sent a positive tone on an ‘exciting product roadmap’ for Meta AI, Llama, Meta Coding agent and Meta AI glasses and a ‘opportunity to deliver strong revenue growth’ without any real headwind warnings (outside of FX),” analyst Justin Post said. “We think a higher multiple is justified as Meta’s Al driven ad improvements are still early (rev. upside), while Meta is building big AI assets with an internal Al supercomputer, inhouse LLM and custom Al chips to leverage massive Facebook, Instagram and messaging user pools,” he added. Deutsche Bank: buy rating, $800 price target The bank raised its price target to $800 from $705 following the results, implying upside of 18%. Meta delivered a strong 4Q print, and a 1Q revenue outlook that, at the high-end, just hit street / buyside expectations. Importantly, as data center capacity comes online throughout 2025, Meta will have the ability to leverage their infrastructure to both train their latest foundational models and to support the core platform, driving near-term revenue growth durability (a luxury the company did not have in 2024 when Meta was supply constrained),” analyst Benjamin Black wrote.
