Piper Sandler raised its Meta price target to $875 from $785 on Sept. 25, keeping an Overweight rating and citing its new Muse AI agent. It projects Muse could generate $44 billion in 2030 revenue, though the product is not included in Piper’s estimates.
After Meta’s July 29 second-quarter report, Piper had cut its target from $800 to $785 but kept its Overweight rating. Meta reported revenue up 28% year over year to $60.8 billion, while capital spending reached $31.08 billion and free cash flow was $784 million. Earnings per share fell 13% to $6.18, below the $7.22 analysts had expected. Meta raised the low end of its 2026 capital-expenditure outlook to $130 billion, with a range of $130 billion to $145 billion.
Muse launched Sept. 8 and can book appointments, log meals and help users shop. Other brokerages also raised Meta targets after its Connect event, but BMO kept a Market Perform rating and $580 target. Meta shares fell 3.64% to $749.30 on Sept. 25; 45 of 49 revisions to 2026 earnings-per-share estimates were lower, and the consensus target was $786.80.
