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Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Meta Platforms

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target to $750 from $804, on P/E of about 19x our 2027 EPS view, below its long-term historical average. We adjust our 2026 EPS estimate to $29.29 from $30.68 and 2027 to $39.39 from $36.68. After reporting strong Q1 revenue growth (+33%)/Q2 guide (+25%), we believe that META is successfully finding ways to leverage AI investments across its ad platforms (value optimization suite's $20B+ revenue run rate). Still, we are disappointed that management failed to tell a good story to investors about how it plans to monetize elevated spend/new product ambitions. Also, the potential for new monetization streams from personal AI agents, business AI subscriptions (META now averaging 10M weekly business AI conversations), and API access to Muse models could materially diversify revenue beyond advertising over the next three to five years. Shares trade at an enticing 15x-16x our CY 27 EPS, offering upside should META be able to deliver on growth ambitions and continue to monetize its ad platforms.

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