Meta Platforms price target lowered to $800 from $845 at Roth Capital

Roth Capital lowered the firm’s price target on Meta Platforms (META) to $800 from $845 but keeps a Buy rating on the shares ahead of its Q4 earnings. Meta’s industry-leading revenue growth, scale advantages, and engagement intensity justify a premium long-term valuation multiple, but the company is currently in the midst of a generational investment cycle centered on AI infrastructure, custom silicon, data centers, and AI-driven operational costs, the analyst tells investors in a research note. First-half catalysts include Frontier AI models from newly formed TBD Labs, ongoing ramp in Andromeda and Generative Ads Model, and likely Prometheus datacenter launch in Ohio, while the tentpole industry events like FIFA World Cup, Winter Olympics, and U.S. Midterm Elections likely offset tougher comps, the firm added.