Meta Platforms Stock (META) Gets a Sky-High $888 Target from Top-Rated Analyst

Meta Platforms (META) received a major vote of confidence from Loop Capital, as top-rated analyst Rob Sanderson raised the firm’s price target to a staggering $888 from $695. Sanderson also reaffirmed his Buy rating on the stock, suggesting strong confidence in Meta’s upside potential. Meanwhile, the new price target implies a growth rate of almost 40% from current levels.

Loop Capital’s Bold Call

According to Loop Capital, Meta stands out as the most compelling non-hardware beneficiary of AI currently, and the firm expects the stock to outperform its Magnificent Seven peers this year.

Additionally, Sanderson pointed to Meta’s stronger-than-expected Q2 outlook and admitted that previous concerns about reduced spending from China-based advertisers slowing revenue growth were misplaced. Earlier in April, Meta confirmed that Chinese online retailers have scaled back their advertising on Facebook and Instagram in response to President Donald Trump’s aggressive trade policies toward China.

However, the company’s advancements in AI have offset potential losses, contributing to stronger overall performance.

Sanderson’s Rating on TipRanks

Sanderson is a five-star-rated analyst on TipRanks, ranked #274 out of over 9,500 analysts. He stands out as one of the most accurate analysts for META stock over one- and three-month periods.

Moreover, Sanderson has maintained an 84% success rate on his META stock recommendations over the past three months, highlighting his strong track record.

Is Meta a Good Stock to Buy Now?

On TipRanks, META stock has a consensus Strong Buy rating among 45 Wall Street analysts. That rating is based on 41 Buys, three Holds, and one Sell assigned in the last three months. The average META price target of $696.12 implies a 9.5% upside from current levels.

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