Citizens JMP reiterates Meta stock rating with $900 price target

Investing.com - Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on Meta Platforms Inc. (NASDAQ:META) with a price target of $900.00. For comprehensive analysis of META and 1,400+ other stocks, consider InvestingPro’s detailed research reports.

The firm’s analysis focuses on the impact of web checkout systems, which are improving profitability across the mobile ecosystem according to conversations with third-party providers FastSpring and Paddle.

These providers reported that clients typically benefit from moving to website checkout despite experiencing approximately 10% reduction in conversion rates, as this shift reduces Apple’s 30% take rate to just 5%.

Citizens JMP views this trend as positive for game developers and their advertising partners, specifically naming Meta, Google, and Unity among the beneficiaries.

The firm also identified several digital app businesses that could benefit from this shift, including Duolingo, Life360, Grindr, and Peloton.

In other recent news, Grindr reported its second-quarter results for 2025, showing revenues of $104 million, which slightly missed the projected $105.11 million. The company’s earnings per share also fell short, coming in at $0.10 compared to the forecasted $0.11. Despite these misses, Grindr maintained its full-year revenue guidance of at least 26% year-over-year growth. Following the results, JMP Securities lowered its price target for Grindr to $23, while maintaining a Market Outperform rating. Raymond James also adjusted its price target downward to $20, citing the company’s solid results that did not meet its typical beat-and-raise performance. Both firms continue to rate the stock as Outperform. These developments highlight the mixed reactions from analysts despite the company’s maintained growth outlook.

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