Cantor Fitzgerald Cuts Meta Platforms (META) Price Target to $840

Cantor Fitzgerald has reaffirmed its Overweight rating on Meta Platforms with a price target of $840, a 18.95% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:54 PM EDT

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Cantor Fitzgerald cut its price target on Meta Platforms, Inc. ($META) to $840 from $860 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $META is down 4.5% to date (from the $742.96 close on Oct 12, 2026).

META Meta Platforms, Inc.

$709.33 +9.34% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Cantor Fitzgerald reiterated its Overweight rating on Meta Platforms, Inc. with a new price target of $840, down from $860.
Cantor Fitzgerald's $840 price target implies 18.95% upside from Meta Platforms, Inc.'s ($META) current $706.17 share price.
As of October 16, 2026, META shares were recently trading around $706.17, which is 15.9% below the analyst's target price.
Meta Platforms has a market cap of about $1.88 trillion and is set to announce its next earnings on October 21, 2026.

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Cantor Fitzgerald has reaffirmed its Overweight rating on Meta Platforms, Inc. (NASDAQ: META) on October 12, 2026, with a price target of $840. This is a decrease from the previous target of $860.

Other Institutional Activity in Meta Platforms

BlackRock Inc. holds 173,396,976 shares of Meta, worth about $122.99 billion, after increasing its stake by 4,558,635 shares. Vanguard Capital Management LLC owns 143,440,997 shares valued at approximately $101.75 billion, having added 1,307,627 shares. State Street Corporation increased its holdings by 3,514,233 shares, ending with 92,033,963 shares worth about $65.28 billion. FMR, LLC reduced its stake by 20,723,183 shares, bringing its total to 95,895,744 shares valued at approximately $68.02 billion. Geode Capital Management, LLC holds 54,949,893 shares, with a value of about $38.98 billion after a small increase of 785,385 shares.

Meta Platforms, Inc. Stock Down 4.3%

As of October 16, 2026, Meta shares are trading at $706.17, which is 8.7% above the 50-day moving average of $649.89 and 11.8% above the 200-day average of $631.37. However, the stock is 9.4% below its 52-week high of $779.82 and is 35.7% above its 52-week low of $520.26. The current share price is also about 15.9% below the mean analyst target of $813.65.

12-month forecast

$META price target

Meta Platforms, Inc. daily closes and this analyst's $840 target. Not advice.

Recent Earnings

Meta Platforms reported trailing twelve-month revenue of approximately $228.25 billion and an EPS of $26.54. The company has shown a year-over-year revenue growth of 28.0% and maintains a net margin of 29.8%. The next earnings announcement is scheduled for October 21, 2026.

Insider Buying and Selling at Meta Platforms, Inc.

Recent insider transactions include Chief Executive Officer Mark Zuckerberg selling 27,474 shares valued at about $21.36 million on September 24, 2026. Chief Operating Officer Javier Olivan sold 1,575 shares on September 28, 2026, for about $1.18 million. On October 5, 2026, Olivan sold another 1,575 shares at an average price of $728.08, totaling about $1.15 million. On the same day as the analyst rating, Olivan sold another 1,575 shares for approximately $1.15 million at $728.10.

Analysts Set New Price Targets

On October 12, 2026, Cantor Fitzgerald maintained its Overweight rating on Meta Platforms with a price target of $840, down from $860. Earlier, on October 6, Wells Fargo also kept its Overweight rating, raising its target to $1,000 from $796. Deutsche Bank maintained a Buy rating with a target of $820 on September 25, while TD Cowen reiterated a Buy with a target of $865 on October 8. Pivotal Research later maintained a Buy rating with a target of $930 on October 13.

About Meta Platforms

Meta Platforms, Inc. develops products that help people connect and share through various devices, including mobile phones and virtual reality headsets. The company operates in two segments: Family of Apps and Reality Labs. Its recent analyst rating and price target adjustments reflect ongoing interest in its growth potential and market position.

Bottom Line

Investors should keep an eye on Meta's upcoming earnings report on October 21, 2026, which will provide further insights into its performance. Cantor Fitzgerald's reiteration of its rating shows confidence in Meta's long-term prospects despite the recent target price adjustment.