Social media giant Meta Platforms (META) is scheduled to announce its third-quarter results on October 29. Ahead of the Q3 earnings, Truist analyst Youssef Squali lifted the price target for META stock to $900 from $880 and reaffirmed a Buy rating. Meanwhile, Stifel analyst Mark Kelley reiterated a Buy rating on META stock with a price target of $900, reinforcing his bullish stance.
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Wall Street expects Meta Platforms to report earnings per share (EPS) of $6.72 for Q3 2025, reflecting 11.4% year-over-year growth. Revenue is expected to grow by 22% to $49.48 billion.
Truist Raises META Stock Price Target Heading into Q3 Earnings
Squali remains “constructive” on Meta Platforms stock heading into Q3 earnings. The analyst expects Meta’s Q3 results to be in line or slightly ahead of his 22% year-over-year revenue growth estimate (high-end of guidance).
Squali expects the Q3 results to reflect solid user engagement and improved monetization due to better ranking and recommendations, driven by artificial intelligence (AI)-led improvements. These improvements are driving better targeting and ad efficiency, while boosting spending on the platform.
For Q4 2025, Squali expects management’s outlook to bracket the consensus revenue growth estimate of 18% (or revenue of $55 billion to $58 billion) due to tough year-over-year comparisons. Further, he expects Meta Platforms to maintain its operating expenses outlook ($142 billion to $146 billion) and capital expenditure guidance (about $100 billion) to fuel AI investments and drive above-industry growth. Meanwhile, Squali adjusted his Fiscal 2026 revenue estimates to reflect better traction with wearables.
Stifel Weighs in on Meta Platforms’ Upcoming Q3 Earnings
Meanwhile, Stifel’s Kelley reiterated a Buy rating on META stock with a price target of $900. The 5-star analyst stated that he continues to view META as a top pick in the long term. Kelley believes that Q3 estimates seem reasonable, with his checks highlighting continued strength in Instagram.
The analyst expects Meta Platforms’ 2026 capex (and related expenses) to take “center stage” this quarter, though he believes that investors have grown slightly more comfortable with elevated levels of capex over the near term. Kelley also thinks that downside risk from greater-than-expected capex guidance is reasonably limited.
What Is the Price Target for META Stock?
With 40 Buys and six Holds, Wall Street has a Strong Buy consensus rating on Meta Platforms stock. The average META stock price target of $877.57 indicates 20% upside potential. Meta stock has risen 25% year-to-date.
