META Meta Platforms, Inc.

Price Chart

Executive Summary

DA Davidson initiated META at Buy with a $600 price target on September 10, 2024, a call that sits 27% below the consensus mean of $826.75 and implies 5.1% downside from the current $632.51. The firm has a 53% accuracy rate on 1,587 calls and a 3.2% average return, placing it below the top-tier firms covering META (e.g., Loop Capital at 100% accuracy, 14.6% avg return). Cantor Fitzgerald and Wolfe Research also acted on META in the same cluster, with Cantor reiterating Overweight at $660 on September 30. Consensus is overwhelmingly bullish: 64 of 73 analysts rate Buy or Strong Buy (88%), 9 Hold, 0 Sell. Price targets range from $614 to $1,015, with a mean of $826.75 and median of $825. The current $632.51 is 23.5% below the mean, suggesting significant upside if the consensus is correct. EPS revisions for the current fiscal year show 46 upward revisions vs 1 downward in the last 30 days, with the EPS estimate rising from $29.68 to $32.86. Insider selling is notable: five executives sold shares totaling ~$2.8 million in late May 2026, including CTO Bosworth and CFO Li. Institutional activity is mixed: Norges Bank initiated a massive $22.15 billion position, while Renaissance Technologies exited and Two Sigma trimmed 31.2%. Short interest is elevated at 57.6% of float, indicating heavy bearish positioning. The bottom line: DA Davidson's below-consensus PT is a contrarian call from a mid-tier firm, but the bullish consensus, strong EPS revisions, and large institutional buys provide a counterweight — traders should watch for a catalyst from earnings on July 28, 2026.

Impact Score

Consensus & Targets

Of 73 analysts covering META, 24 rate Strong Buy (33%), 40 Buy (55%), and 9 Hold (12%). Zero Sell or Strong Sell ratings. Consensus is heavily bullish, with 88% of analysts at Buy or Strong Buy.

Current price: $632.51. Consensus mean PT: $826.75 (implied upside of 30.7%). Median: $825. High: $1,015 (60.5% upside). Low: $614 (2.9% downside). DA Davidson's $600 PT is below the low end of consensus and 27% below the mean, making it the most bearish call among 59 analysts.

Recent Analyst Activity

No upgrades or downgrades in the last 30 days. EPS revisions for the current fiscal year show 46 upward revisions vs 1 downward in the last 30 days, with the EPS estimate rising from $29.68 to $32.86. For the next quarter (+1q), 10 upward revisions vs 22 downward, indicating some near-term caution.

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.

DA Davidson has a 53% accuracy rate on 1,587 calls with a 3.2% average return, placing it below the top-tier firms covering META. Best-performing firms on META include Loop Capital (100% accuracy, 14.6% avg return on 3 calls), JMP Securities (100%, 10.5% on 5 calls), and Benchmark (100%, 10.2% on 3 calls). Worst-performing firm by accuracy is DA Davidson itself at 53%.

Earnings Estimates

Next earnings: Jul 28, 2026

Cross-Platform Signals

Insider selling is significant: five executives sold ~$2.8 million in late May 2026, including CTO Andrew Bosworth ($241,804) and CFO Susan Li ($318,035). These are routine sales (likely 10b5-1 plans) and not strongly predictive per academic literature. Congressional activity is minor: two small buys (McCaul, Khanna) and one small sell (Khanna). Institutional activity is mixed: Norges Bank initiated a massive $22.15 billion position (new), Dodge & Cox added 26.7%, and CAUSEWAY added 27%. Conversely, Renaissance Technologies exited and Two Sigma trimmed 31.2%. Short interest is elevated at 57.6% of float, indicating heavy bearish positioning that could fuel a squeeze on positive news.

Documents Analyzed

Report based on filing metadata.

US Market Status