Cantor Fitzgerald Hikes Price Target on Meta Platforms, Inc. (META) to $860, Maintains Overweight Rating

Meta Platforms, Inc. (NASDAQ:META) is among the 12 Most Profitable NASDAQ Stocks to Buy Right Now. On January 29, Cantor Fitzgerald analyst Deepak Mathivanan lifted the firm’s price target on the stock to $860 from $750, while maintaining an Overweight rating.

The adjustment follows the company’s fourth-quarter earnings results, which topped Wall Street’s estimates. Revenue came in at $59.89 billion, beating forecasts of $58.59 billion, while EPS stood at $8.88 against consensus expectations of $8.23 per share.

Meta Platforms, Inc. (NASDAQ:META) expects sales in the first quarter of FY26 to be between $53.5 billion and $56.5 billion, which is ahead of estimates of $51.41 billion. Full-year expenses are projected to be in the range of $162 billion and $169 billion. Capital expenditure in 2026 is expected to be between $115 billion and $135 billion, above analyst forecasts of $110.7 billion and nearly double the amount spent last year.

Cantor Fitzgerald noted the strong quarterly results and encouraging sales forecast for the ongoing quarter in its research note to investors. The analyst believes that while margins and free cash flow may get squeezed due to increased capital expenditure, he still expects operating income to expand, with AI momentum likely to drive attractive returns.

Based on the recommendations of 44 analysts, the stock is a Strong Buy with a one-year average share price target of $861.87, representing an upside of 20% as of the close on January 30.

Meta Platforms, Inc. (NASDAQ:META) is one of the world’s largest technology companies. It operates several popular social media platforms, including Facebook, WhatsApp, Instagram, and Threads.

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