On January 12, Piper Sandler analyst Thomas Champion issued commentary on internet stocks ahead of first-quarter results. The firm designated Meta Platforms, Inc. as its top large-cap selection for 2026, sustaining an Overweight rating on the company.
Thomas Champion noted robust channel checks for Meta. He referenced first-quarter revenue guidance reaching up to $53 billion at the high end, suggesting approximately 25% year-over-year growth.
Also on January 12, Wells Fargo reaffirmed an Overweight rating for Meta. The firm adjusted its price target downward to $795 per share from $802.
"Expect 4Q earnings and '26 outlook to solidify confidence in $31-$32 EPS for 2026. Street CapEx likely moves higher, again," Champion stated.
Wall Street analysts currently hold a consensus Buy rating on Meta stock. The average price target stands at $825, indicating a potential 32.76% increase. The highest price target among analysts is $1,117, implying a 79.75% upside.