Meta Platforms price target raised to $800 from $700 at RBC Capital

RBC Capital analyst Brad Erickson raised the firm’s price target on Meta Platforms (META) to $800 from $700 and keeps an Outperform rating on the shares. The company reported a “good” Q4 as it beat estimates and raised guidance, laid out a host of new product and monetization drivers into 2026, and was compelling in defending and reiterating its ambitious AI spending plans given the recent DeepSeek controversy, the analyst tells investors in a research note. Given the company’s leading position in AI, broad opportunities to grow utility for its users, and differentiated optionality stemming from compute capacity, it is among the most select group of companies that are “comprehensively well-prepared to fully or over- participate in the long-term adoption of AI”, RBC added.