Morgan Stanley analyst Brian Nowak lowered the firm’s price target on Meta Platforms (META) to $750 from $820 and keeps an Overweight rating on the shares. While the firm is “bullish” into 2026, it is lowering its FY26 and FY27 EPS estimates by about 8% each on the back of 5% and 6%, respectively, higher operating expense expectations and now models $33 of FY27 EPS, the analyst tells investors.
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