TD Cowen Cuts Meta Platforms (META) Price Target to $850

On October 22, 2026, TD Cowen reiterated its Buy rating on Meta Platforms, Inc. META while adjusting its price target from $865.00 to $850.00. The note arrived as Wall Street firms weighed the social media and technology giant's ongoing market position against recent price movements.

META Meta Platforms, Inc.

$694.25 ▲ +7.02% year to date

1M 3M YTD

Daily close · Oct 20, 2026

TD Cowen's Call on Meta Platforms

In its research note published on October 22, 2026, TD Cowen maintained its positive stance on the tech company with a Buy rating. The firm lowered its target price to $850.00 from its previous target of $865.00. At the time of the update, the stock traded below the new target level, leaving a notable gap between current market prices and the firm's expected value.

Meta Platforms, Inc. Stock Down 6.8%

Meta Platforms closed at $646.96 on October 22, 2026, and recently traded at $653.91, up about 1.1% since that close. The shares sit below the 50-day moving average of $661.46, while remaining above the 200-day moving average of $632.62. Over the past year, the stock has traded as low as $520.26 and as high as $779.82. The company carries a market capitalization of roughly $1.78 trillion and a price-to-earnings ratio of 23.8.

Recent Earnings

Meta Platforms reported trailing twelve-month revenue of $228.25 billion and earnings of $29.31 per share. The company generated a net profit margin of 29.8% and a return on equity of 29.8% over the period, supported by a year-over-year revenue growth rate of 28.0%.

Dividend

Meta Platforms pays an annual dividend of $2.10 per share, yielding 0.3% based on recent trading levels. The payout ratio sits at 7.9% of earnings.

Insider Buying and Selling at Meta Platforms, Inc.

Chief Operating Officer Javier Olivan completed a series of four stock sales ahead of the analyst update. On September 28, 2026, Olivan sold 1,575 shares valued at $1,180,966. He subsequently sold 1,575 shares for $1,146,726 on October 5, 2026, and another 1,575 shares for $1,146,758 on October 12, 2026. On October 19, 2026, Olivan completed a final planned sale of 1,575 shares under a Rule 10b5-1 trading plan, fetching $1,113,840 at an average price of $707.20.

Analysts Set New Price Targets

Several other Wall Street firms updated their views on Meta Platforms on October 22, 2026. Barclays maintained its Overweight rating while raising its target from $780.00 to $880.00. RBC Capital kept an Outperform rating and lifted 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. Citizens reiterated a Market Outperform rating with an unchanged target of $885.00. Scotiabank maintained a Sector Perform rating while raising its target from $600.00 to $650.00. Across the broader analyst community, the stock holds a consensus recommendation of strong buy, backed by a mean price target of $817.87 across 58 opinions.

About Meta Platforms

Headquartered in Menlo Park, California, Meta Platforms develops products that let people connect through mobile devices, personal computers, virtual reality headsets, and AI glasses. The company operates through its Family of Apps and Reality Labs segments, spanning social networking, messaging, and hardware development worldwide.

Bottom Line

Investors tracking Meta Platforms will watch how shares perform relative to TD Cowen's $850.00 target and the broader consensus mean of $817.87. Monitoring upcoming quarterly financial releases and further insider transaction filings will provide additional clues into the company's trajectory.