Truist Reiterates “Buy” Rating On Meta Platforms (META) With $840 PT

Truist Reiterates “Buy” Rating On Meta Platforms (META) With $840 PT Faheem Tahir Sat, June 13, 2026 at 7:59 PM GMT+2 2 min read META GOOG MSFT AMZN Meta Platforms, Inc. (NASDAQ: META ) carries a profit margin of 39. 36% and net income of $60.

46 billion (FY25), securing its place on our list of the most profitable blue chip stocks to buy according to hedge funds , with analysts seeing 41. 10% upside for the stock. Truist Reiterates "Buy" Rating On Meta Platforms (META) With $840 PT That profitability is supported by a business that continues to grow at a rapid pace.

In late April, Meta Platforms, Inc. (NASDAQ:META) reported first-quarter revenue of $56. 3 billion, up 33% year-over-year and ahead of analyst estimates of $55.

5 billion. The growth rate outpaced Alphabet’s and was nearly twice as fast as Microsoft’s and Amazon’s. The results came with one notable caveat: shares fell 10% after management raised 2026 capital expenditure guidance to between $125 billion and $145 billion, up from a prior range of $115 billion to $135 billion.

Analysts, however, remain focused on the longer runway. On June 9, 2026, Truist analyst Youssef Squali reiterated a “Buy” rating on Meta Platforms, Inc. (NASDAQ:META) with a price target of $840, framing the company as building its next high-margin revenue segment one subscription at a time.

Squali said he remains constructive on Meta as it continues to outpace the digital ad market and diversify into new revenue streams. He pointed to Meta’s recent launch of Plus tiers across Facebook, Instagram, and WhatsApp, as well as paid Meta AI offerings, which provide users with additional personalization and engagement features. Squali projects Meta Platforms, Inc.

(NASDAQ:META)’s Plus features will attract more than 360 million paid subscriptions and generate over $20 billion in high-margin revenue by 2030, equal to roughly 5% of Meta’s revenue. Instagram Plus alone could contribute $10 billion annually by that year, with Meta AI adding around $6. 5 billion.

Meta Platforms, Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, virtual reality (VR) headsets, and AI glasses. Some of its well-known apps include Facebook, Instagram, and WhatsApp.

It operates in the Reality Labs (RL) and Family of Apps (FoA) segments. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .

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