Truist lifts Meta target to Street-high $1,000 on strong Muse adoption Sam Boughedda Tue, October 13, 2026 at 9:27 AM EDT 2 min read TFC +0.10% META +1.18% ^GSPC +0.04% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com -- Truist Securities raised its price target on Meta Platforms to $1,000 from $763, joining Wells Fargo as the highest on Wall Street, citing early traction for its Muse AI agent.
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In a note to clients on Tuesday, analyst Youssef Squali kept a Buy rating on the stock and rolled his discounted cash flow valuation forward to the end of 2027.
He added a contribution from Muse to his outer-year estimates, with a base case of $28.5 billion in incremental revenue by 2030.
Meta shares have risen 21% since Muse launched on Sept. 8, against a 2% gain for the S&P 500.
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"With AI infusing higher performance across ads, wearables and Muse (building non-ad revenues from powering personal superintelligence, Muse for Enterprise/SMBs), we see Meta as an AI winner long-term," Squali wrote.
He expects third-quarter revenue of $63.9 billion, up 25% year over year and at the high end of management's $61 billion to $64 billion guidance. That is also modestly above the $63.3 billion consensus.
Squali expects cost per thousand impressions to rise by double digits again, helped by adoption of Meta's Advantage+ automated advertising suite. "Meta's growth [is] increasingly driven by monetization and retention rather than net new users, in our view," he said.
The analyst included a roughly $10 billion legal settlement with 48 state attorneys general in third-quarter numbers, taking his GAAP operating income to $11.7 billion.
Truist forecasts 2027 capital expenditure of $190 billion, up 32% year over year, against a consensus of $193 billion.
Truist lifts Meta target to Street-high $1,000 on strong Muse adoption
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