Truist Securities Raises META Price Target to $1,000

Truist Securities has reiterated its Buy rating on Meta Platforms, Inc. with a new price target of $1,000, a 41.61% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:53 PM EDT

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Truist Securities raised its price target on Meta Platforms, Inc. ($META) to $1,000 from $763 on October 13, 2026, and rates the stock "Buy".

Since the rating, $META is down 7.0% to date (from the $762.50 close on Oct 13, 2026).

META Meta Platforms, Inc.

$709.33 +9.34% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Truist Securities reiterated its Buy rating on Meta Platforms, Inc. and raised the price target from $763 to $1,000.
Truist Securities's $1,000 price target implies 41.61% upside from Meta Platforms, Inc.'s ($META) current $706.17 share price.
As of October 16, 2026, META was trading at $706.17, about 29.4% below Truist's new price target.
The company has a trailing twelve-month revenue of $228.2 billion and a net margin of 29.8%.

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Truist Securities has reiterated its Buy rating on Meta Platforms, Inc. (NASDAQ: META) on October 13, 2026, increasing the price target from $763 to $1,000. This reflects a strong outlook for the company as it continues to innovate in the communication services sector.

Other Institutional Activity in Meta Platforms, Inc.

Blackrock Inc. increased its holdings by 4,558,635 shares, bringing its total to 173,396,976 shares valued at approximately $123.0 billion. Vanguard Capital Management LLC added 1,307,627 shares for a total of 143,440,997 shares worth about $101.7 billion. In contrast, FMR, LLC reduced its stake by 20,723,183 shares, ending with 95,895,744 shares valued at around $68.0 billion. State Street Corporation gained 3,514,233 shares, totaling 92,033,963 shares worth about $65.3 billion, while Geode Capital Management, LLC added 785,385 shares, reaching a total of 54,949,893 shares valued at approximately $38.9 billion.

Meta Platforms, Inc. Stock Down 4.3%

As of October 16, 2026, Meta shares traded at $706.17, which is above the 50-day moving average by 8.7% and the 200-day moving average by 11.8%. However, the stock is 9.4% below its 52-week high of $779.82 and 35.7% above its 52-week low of $520.26. The recent trading price is also 13.2% below the mean analyst target of $813.65.

12-month forecast

$META price target

Meta Platforms, Inc. daily closes and this analyst's $1,000 target. Not advice.

Recent Earnings

Meta reported a trailing twelve-month revenue of $228.2 billion, reflecting a year-over-year growth of 28.0%. The company has an earnings per share (EPS) of $26.54 and a net margin of 29.8%. The next earnings report is scheduled for October 21, 2026.

Insider Buying and Selling at Meta Platforms, Inc.

Mark Zuckerberg, the CEO, sold 27,474 shares valued at approximately $21.4 million on September 24, 2026. Javier Olivan, the COO, sold 1,575 shares on September 28, 2026, valued at about $1.2 million. He also sold the same number of shares on October 5 and October 12, 2026, with values of approximately $1.1 million each time.

Analysts Set New Price Targets

On October 12, 2026, Cantor Fitzgerald maintained its Overweight rating with a price target of $840, down from $860. Pivotal Research maintained a Buy rating and raised its target to $930 from $790 on the same day. Truist Securities, in its recent call, established a target of $1,000, while Keybanc reiterated an Overweight rating with a target of $900. Rosenblatt also maintained a Buy rating with a target of $886.

About Meta Platforms, Inc.

Meta Platforms, Inc. develops products that connect people through mobile devices, computers, virtual reality headsets, and AI glasses. It operates in two segments: Family of Apps and Reality Labs. This reiteration of Truist's Buy rating comes as the company continues to lead in the digital communication space.

Bottom Line

Investors will be watching for Meta's upcoming earnings report on October 21, 2026, to gauge its financial health and future outlook. Truist's continued support with a higher price target may signal confidence in the company's growth prospects.