Citizens Rates Meta Platforms (META) Market Outperform

Citizens reiterated its Market Outperform rating on Meta Platforms, Inc. (NasdaqGS: META) on October 22, 2026, keeping its price target unchanged at $885.00. The research update came out alongside several other Wall Street moves on the social media and technology giant.

META Meta Platforms, Inc.

$694.25 ▲ +7.02% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Citizens's Call on Meta Platforms

According to the research note issued on October 22, 2026, Citizens kept both its Market Outperform rating and its $885.00 price target for Meta. The target sits well above where the shares have recently changed hands.

Other Institutional Activity in Meta Platforms

Other large funds have been adjusting their positions in Meta recently. SBI Securities trimmed its holdings by 2,795 shares, finishing the period with 47,664 shares valued at about $34.6 million. Carnegie Investment Counsel reduced its stake by 2,433 shares to end with 140,366 shares worth roughly $99.0 million. Quilter grew its holdings by adding 13,847 shares, bringing its total to 290,000 shares valued at about $210.3 million. Pictet North America Advisors boosted its position by 2,269 shares, holding 33,415 shares worth roughly $24.2 million. Meanwhile, Axxcess Wealth Management cut its stake by 24,710 shares, wrapping up the period with 29,410 shares valued at about $21.3 million.

Meta Platforms, Inc. Stock Down 6.8%

Meta shares recently traded around $653.91, up about 1.1% from an event-day closing price of $646.96 on October 22, 2026. The stock trades below its 50-day moving average of $661.46 and above its 200-day moving average of $632.62. The recent price sits below the consensus mean target of $817.87 across 58 analyst opinions.

Recent Earnings

Meta Platforms generated $228.2 billion in trailing-twelve-month revenue with trailing earnings of $29.31 per share. The company posted a net profit margin of 29.8% alongside a return on equity of 29.8%.

Dividend

Meta pays an annual dividend rate of $2.10 per share, giving it a dividend yield of 0.3%. The payout ratio sits at 7.9% of earnings.

Insider Buying and Selling at Meta Platforms, Inc.

Chief Operating Officer Javier Olivan completed several transactions leading up to the update. On September 28, 2026, Olivan disposed of 1,575 shares valued at about $1.2 million. He later sold another 1,575 shares on October 5, 2026, for roughly $1.1 million. On October 12, 2026, Olivan parted with another 1,575 shares worth about $1.1 million. Finally, on October 19, 2026, Olivan disposed of 1,575 shares under a pre-arranged Rule 10b5-1 plan for roughly $1.1 million.

Analysts Set New Price Targets

Wall Street firms updated their views on October 22, 2026. Barclays maintained its Overweight rating and lifted its target from $780.00 to $880.00. RBC Capital maintained an Outperform rating while raising its target from $770.00 to $800.00. Wells Fargo maintained an Overweight rating, adjusting its target slightly from $1,000.00 down to $995.00. Scotiabank maintained its Sector Perform rating while raising its target from $600.00 to $650.00. Overall, the stock carries a consensus recommendation of strong buy.

About Meta Platforms

Headquartered in Menlo Park, California, Meta Platforms builds applications and hardware that help people stay connected through mobile devices, computers, virtual reality headsets, and artificial intelligence glasses. Its operations span the Family of Apps and Reality Labs segments, driving massive global engagement across its social platforms.

Bottom Line

Citizens continues to view Meta favorably with its reaffirmed rating and $885.00 price target. Investors will monitor upcoming earnings reports and institutional filing updates to see how large holders adjust their exposure going forward.