META Meta Platforms, Inc.
Price Chart
Executive Summary
A cluster of four firms (DA Davidson, Cantor Fitzgerald, Wolfe Research, Exane BNP Paribas) acted on META on 2024-09-10. DA Davidson initiated Buy with a $600 price target, notably below the current price of $611.91 and well below the consensus mean of $855. DA Davidson has a 53% accuracy rate on 1,587 calls with an average return of 3.2%. The broader consensus is overwhelmingly bullish: 64 Buy (89%), 8 Hold (11%), 0 Sell among 72 analysts. The mean price target implies ~40% upside, but the new initiation from DA Davidson is a contrarian outlier. No upgrades or downgrades occurred in the past 30 days, but recent actions from Cantor, JP Morgan, and others show reaffirmation of bullish stances. Insider activity shows consistent selling by executives, while institutional data reveals a massive new position from Norges Bank and additions from Dodge & Cox, alongside exits from Renaissance Technologies. Short interest stands at 57.6% of TRF volume, indicating elevated bearish positioning. The cluster signals renewed attention, but the low PT from DA Davidson introduces caution. For active traders, the divergence between the firm's bearish PT and consensus upside warrants a wait-and-see approach until further confirmation.
Impact Score
Consensus & Targets
Consensus is heavily bullish: 22 Strong Buy, 42 Buy, 8 Hold, 0 Sell, 0 Strong Sell from 72 analysts. That's 89% Buy ratings. No analyst recommends selling. The consensus is strongly aligned on continued upside, despite the contrarian initiation from DA Davidson.
Current price $611.91. Mean price target $855.11, median $850, high $1,015, low $614. Implied upside to mean is 39.7%. DA Davidson's $600 target is the lowest in the range and below the current price, making it an outlier. All other recent targets from Cantor ($660), JP Morgan ($640), and Baird ($605) are above current price, though still below the consensus mean.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2024-09-30 | Cantor Fitzgerald | reiterate | Overweight | $660.00 |
| 2024-09-30 | Monness, Crespi, Hardt | maintain | Buy | $620.00 |
| 2024-09-26 | Rosenblatt | maintain | Buy | $811.00 |
| 2024-09-26 | B of A Securities | maintain | Buy | $630.00 |
| 2024-09-26 | JP Morgan | maintain | Overweight | $640.00 |
| 2024-09-26 | Wedbush | reiterate | Outperform | $600.00 |
| 2024-09-26 | Baird | maintain | Outperform | $605.00 |
| 2024-09-26 | JMP Securities | maintain | Market Outperform | $635.00 |
| 2024-09-23 | Cantor Fitzgerald | reiterate | Overweight | $660.00 |
| 2024-09-23 | Citigroup | maintain | Buy | $645.00 |
No upgrades or downgrades in the past 30 days. Recent actions (last 10) are all maintains or reiterates of bullish ratings (Buy/Overweight/Outperform). EPS revisions show a slight upward bias: +1q EPS revised up 4 times in 7 days (5 up, 7 down in 30 days); +1y EPS revised up 6 times in 7 days (8 up, 7 down in 30 days). Overall estimates are modestly trending higher.
Firm Track Record — DA Davidson
DA Davidson accuracy: 53% on 1587 calls | avg return: 3.2%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| RBC Capital | 100% | 2/2 | 8.4% | top tier |
| Oppenheimer | 100% | 4/4 | 10% | top tier |
| BMO Capital | 100% | 2/2 | 8.7% | top tier |
| Keybanc | 100% | 4/4 | 7.5% | top tier |
| Baird | 100% | 3/3 | 7.7% | top tier |
| Loop Capital | 100% | 3/3 | 14.6% | top tier |
| Cantor Fitzgerald | 100% | 3/3 | 9.2% | top tier |
| Barclays | 100% | 2/2 | 8.4% | top tier |
| Deutsche Bank | 100% | 2/2 | 8.4% | top tier |
| Benchmark | 100% | 3/3 | 10.2% | top tier |
DA Davidson has a 53% accuracy rate on 1,587 rated calls with an average return of 3.2%. This is a moderate track record — not top tier. Among firms covering META, several (e.g., RBC Capital, Oppenheimer, BMO Capital) have 100% accuracy but on very small samples (2-5 calls each), making them less statistically reliable. DA Davidson's view is below consensus and carries less weight given its average accuracy.
Earnings Estimates
Next earnings: Jul 28, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1q | $7.14 | $6.53 — $8.03 | $59.6B | ↑4 ↓0 |
| +1y | $34.42 | $28.46 — $40.00 | $297.3B | ↑6 ↓0 |
| 0q | $6.66 | $6.02 — $7.73 | $55.5B | ↑5 ↓0 |
| 0y | $29.64 | $26.43 — $31.65 | $250.9B | ↑4 ↓0 |
Cross-Platform Signals
Insider trading shows consistent selling: five recent transactions by executives Olivan Javier and Robert Kimmitt, totaling ~$2.5M. Congressional trades are mixed — Rep. Michael McCaul bought twice ($1,001-$15,000 range), while Rep. Ro Khanna and Sen. Angus King sold small amounts. Institutional activity is divergent: Norges Bank opened a massive new position ($22B), Dodge & Cox added 26.7%, while Two Sigma trimmed 31.2% and Renaissance Technologies exited entirely. Short interest is elevated at 57.6% of TRF volume, indicating heavy bearish bets. The analyst initiation from DA Davidson (low PT) aligns with insider selling and short interest — a bearish divergence from the bullish consensus.
Actionable Insight
The cluster of four firms adds noise, but DA Davidson's below-market PT and the insider selling/short interest suggest caution. Traders should wait for a catalyst (e.g., earnings on 2026-07-28) or a broader consensus shift before committing long, despite the overwhelming bullish sentiment from the majority of analysts.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
2d ago
|
Insider Cluster
| $627.57 $593.00 | ▼ −5.51% | ▼ −2.93% | $593.00 (−5.51%) |
|
Jun 1, 2026
4d ago
|
144
| — | awaiting T+1 | — | — |
|
May 31, 2026
5d ago
|
ANALYST-UPGRADE
| $501.89 $508.89 | ▲ +1.39% | ▲ +0.38% | $593.00 (+18.15%) |
|
May 29, 2026
7d ago
|
Insider Cluster
| $600.47 $597.63 | ▼ −0.47% | ▼ −0.63% | $593.00 (−1.24%) |
|
May 20, 2026
17d ago
|
Insider Cluster
| — | awaiting T+1 | — | — |
|
May 15, 2026
22d ago
|
Court Ruling
| $614.23 $611.21 | ▼ −0.49% | ▼ −0.43% | $593.00 (−3.46%) |
|
May 4, 2026
4w ago
|
8-K
| $604.96 $604.96 | · 0.00% | ▼ −1.38% | $593.00 (−1.98%) |
|
May 1, 2026
5w ago
|
144
| $610.41 $610.41 | · 0.00% | ▼ −0.80% | $593.00 (−2.85%) |
|
May 1, 2026
5w ago
|
ANALYST-UPGRADE
| $501.89 $508.89 | ▲ +1.39% | ▲ +0.38% | $593.00 (+18.15%) |
|
May 1, 2026
5w ago
|
Insider Cluster
| $608.75 $610.41 | ▲ +0.27% | ▲ +0.61% | $593.00 (−2.59%) |
US Market Status
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