KeyBanc raised the firm’s price target on Meta Platforms (META) to $750 from $700 and keeps an Overweight rating on the shares. The market has digested DeepSeek’s innovations, and the firm believes its first take from its weekly still holds: the commoditization of foundation models is a positive for lowering unit costs and spurring product innovation. Meta stands as the clear beneficiary in KeyBanc’s sector as cost efficiencies/longer useful lives, an app development and user acquisition cycle, and more gradual capex ramps create an upward bias to its/Street 2026 revenue, EPS, and free cash flow, the firm says.
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