Wall Street analysts update Meta stock price target ahead of Q1 earnings

Ahead of Meta Platforms’ Q1 2026 results (due at market close April 29), Wall Street is largely bullish, pricing in strong AI-driven ad momentum. Consensus estimates call for ~$55.56B in revenue (up 31% YoY), ad revenue of ~$53.93B (+30%), and EPS around $6.67. Analysts’ aggregated 12-month target averages $852.64 (≈28% upside), with a $676–$1,015 range. The report is viewed as a key test of whether heavy AI investment will translate into sustained ad revenue and free-cash-flow gains; some analysts highlight margin pressure from rising compute costs while others point to cost cuts and AI-driven targeting as upside drivers. META traded near $664, showing short-term volatility but a ~25% rally over the last month.