# Meta Platforms Receives Street-High $1,000 Price Target Ahead of Q3 Earnings

- URL: https://stocks.freetheai.org/news/meta-platforms-receives-street-high-1-000-price-target-ahead-of-q3-earnings-1f2520
- Published: 2026-10-16T21:01:03Z
- Category: analyst_ratings; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:META](https://stocks.freetheai.org/symbols/NASDAQ-META)
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Meta Platforms Inc. (META) received a price target increase to $1,000 per share from $763 ahead of its third-quarter earnings report. Analyst Youssef Squali at Truist maintained a Buy rating on the stock, marking the highest target currently set on Wall Street for the social media and technology giant. Shares of Meta traded down 3.72% to $709.30 following the announcement.

The revised target reflects growing optimism around Meta's artificial intelligence strategy, particularly the monetization and user adoption of its Muse AI agent. The analyst projects third-quarter sales of approximately $63.9 billion, near the top of Meta's guidance range of $61 billion to $64 billion. However, substantial ongoing investment in AI infrastructure means investors are looking for clear financial returns on increased capital expenditures.

Meta is scheduled to release its third-quarter financial results on October 21. The upcoming report will provide key evidence on whether the company's expanding AI infrastructure is generating new revenue and driving growth across its primary advertising business.

## Key points

- Truist analyst Youssef Squali raised Meta Platforms Inc.'s price target from $763 to a Wall Street-high $1,000 while maintaining a Buy rating.
- The analyst estimates third-quarter revenue will reach roughly $63.9 billion, near the top of Meta's official guidance range of $61 billion to $64 billion.
- User engagement, adoption, and monetization of Meta's Muse AI agent were cited as key drivers behind the increased price target.
- Investors remain focused on capital expenditures as Meta increases infrastructure spending to build out its artificial intelligence tools.
- Meta will publish its third-quarter financial results on October 21.

## Questions and answers

### Why was Meta's price target raised to $1,000?

The price target was raised due to strong user adoption, engagement, and monetization from Meta's Muse AI agent, alongside high expectations for third-quarter revenue.

### What is Meta's revenue forecast for the third quarter?

Meta previously provided third-quarter revenue guidance between $61 billion and $64 billion. Analyst estimates place sales near the top end at $63.9 billion.

### When will Meta report its third-quarter financial results?

Meta is scheduled to report its third-quarter earnings results on October 21.