Meta Platforms (META) Price Target Lifted as Evercore Sees AI-Driven Revenue Inflection

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 AI Stocks Making Waves on Wall Street. On January 29, Evercore ISI analyst Mark Mahaney raised the price target on the stock to $900.00 (from $875.00) while reiterating an “Outperform” rating. The firm’s rating affirmation follows META’s beat and raise quarter, with analysts noting AI-driven revenue inflection and momentum heading into 2026.

“We reiterate our Outperform rating on META and raise our PT from $875 to $900 (25% upside), based on 25X our ’27 EPS of $36, in the wake of Beat & Raise Q4 EPS results.”

Evercore ISI highlighted how META has issued an aggressive fiscal year 2026 capital expenditure guidance, anticipating capex growth of an estimated $55 billion and total expenditure growth of 40%.

The firm, however, noted that the after-market rally was particularly driven by stronger-than-expected Q4 revenue results, stronger-than-expected Q1 revenue outlook, and Meta’s implied $50 billion step-up in 2026 revenue. All of this is an implication that META is at an AI-driven revenue inflection point.

The firm further noted how Meta’s management asserted that it seeks to be an AI leader, and that the company’s  fourth quarter results and 2026 outlook support management’s assertion that Meta seeks to be an AI leader.

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Disclosure: None. This article is originally published at Insider Monkey.