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Rosenblatt Sets Street-High $1,117 Price Target for Meta Platforms After Strong Q3 Earnings
Rosenblatt Sets Street-High $1,117 Price Target for Meta Platforms After Strong Q3 Earnings
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Meta Platforms (META) surged to a new Street-high price target of $1,117 from Rosenblatt analyst Barton Crockett, buoyed by what he termed "great" third-quarter results. Revenue grew 26% year-over-year, while adjusted EBITDA jumped 21% to $31 billion, maintaining a robust 60.6% margin. Adjusted EPS ROSE 20% to $7.25, with Q4 guidance suggesting further upside at 22% growth.
Crockett defended Meta's aggressive AI spending, now projected at $70–$72 billion in 2025 capex and $116–$118 billion in total expenses. "The return on AI investments justifies the outlay," he noted, raising EBITDA and EPS estimates through 2026. The bullish outlook reflects Meta's dual engine of Core ad growth and AI-driven infrastructure expansion.
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