Evercore ISI Group Raises META Price Target to $870

Evercore ISI Group reiterated its Outperform rating on Meta Platforms, Inc. [META] on October 22, 2026, while raising its price target to $870.00 from $860.00. The research note outlines the firm's continued positive outlook on the social media and technology giant as shares trade on major exchanges.

META Meta Platforms, Inc.

$694.25 ▲ +7.02% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Evercore ISI's Call on Meta Platforms

Evercore ISI Group maintained its favorable stance on the tech company on October 22, 2026, bumping its target up by $10.00. The updated target of $870.00 reflects the firm's forward-looking expectations for the business. Meta closed at $644.52 on October 22, 2026, and recently traded around $646.73.

Other Institutional Activity in Meta Platforms

Axxcess Wealth Management trimmed its position, reducing holdings by 24,710 shares to end with 29,410 shares valued at approximately $21.3 million.

Meta Platforms, Inc. Stock Down 6.8%

Shares of Meta recently traded around $646.73 as of October 22, 2026, sitting above their 200-day moving average of $632.62. The stock closed at $644.52 on the day Evercore updated its target.

Recent Earnings

Meta reported trailing-twelve-month revenue of $228.25 billion alongside earnings of $29.31 per share.

Dividend

Meta pays an annual dividend rate of $2.10 per share, yielding 0.3% with a payout ratio of 7.9%.

Insider Buying and Selling at Meta Platforms, Inc.

Chief Operating Officer Javier Olivan completed four separate stock transactions between September 28 and October 19, 2026, disposing of 1,575 shares in each transaction.

Analysts Set New Price Targets

On October 22, 2026, BMO Capital maintained a Market Perform rating on Meta Platforms while raising its price target from $580.00 to $685.00. On the same day, Mizuho maintained an Outperform rating and lifted its target from $750.00 to $950.00. Barclays kept an Overweight rating while moving its target from $780.00 to $880.00, and RBC Capital maintained an Outperform rating with a target increase from $770.00 to $800.00. Wall Street currently maintains a strong buy consensus across 58 analyst opinions, with a mean price target of $817.87.

About Meta Platforms

Meta Platforms, Inc. builds products that let people connect through mobile devices, personal computers, virtual reality headsets, and artificial intelligence glasses. Operating through its Family of Apps and Reality Labs segments, the company serves users globally.

Bottom Line

Evercore ISI's upward revision adds to a busy day of Wall Street updates for Meta. Investors will continue tracking analyst revisions and upcoming operational results to gauge future performance.