Meta Platforms stock gets Buy rating reiteration from Citi

Investing.com - Citi has reiterated its Buy rating on Meta Platforms Inc. (NASDAQ:META), maintaining a price target of $915.00 for the tech giant, which currently commands a market capitalization of $1.77 trillion and trades at a P/E ratio of 25.8x.

The research firm also opened a 90-Day Upside catalyst watch on the social media giant, signaling potential positive developments in the near term. According to InvestingPro data, Meta maintains impressive gross profit margins of 82% and has achieved revenue growth of 19.4% over the last twelve months.

Citi analyst Ronald Josey maintained his bullish stance on Meta, which owns Facebook, Instagram, WhatsApp, and is heavily invested in virtual reality through its Reality Labs division. InvestingPro analysis shows the company maintains a GREAT financial health score, with 12 additional exclusive insights available to subscribers.

The $915.00 price target suggests significant upside potential from Meta’s current trading levels as the company continues to expand its digital advertising business and metaverse initiatives.

Meta has been focusing on artificial intelligence integration across its platforms while managing costs after implementing significant layoffs in recent quarters.

In other recent news, Meta Platforms Inc. has seen a series of developments that may interest investors. Citizens has maintained its Market Outperform rating and a $900 price target for Meta, highlighting the strong growth in Instagram usage, with global time spent on the platform increasing by 18.5% year-over-year. The firm also pointed to artificial intelligence as a key growth driver, enhancing advertiser returns and sustaining consistent spending on the platform. Meanwhile, TD Cowen has reiterated its Buy rating with a price target of $875, expressing confidence in Meta’s continued advertising growth ahead of its third-quarter 2025 earnings report.

Additionally, Instagram is exploring the development of a dedicated TV app to expand its video reach, potentially creating new competition for YouTube. Instagram chief Adam Mosseri announced this initiative at the Bloomberg Screentime conference, emphasizing the need to adapt to changing consumption behaviors. While the company is exploring this venture, Mosseri clarified that there is nothing official to announce at the moment. These recent developments indicate ongoing strategic efforts and analyst confidence in Meta’s future growth.

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