Key insights
- Citizens reiterates a Market Outperform rating and $900 price target on Meta, citing its expanded partnership with Entergy to power its AI data center. This suggests confidence in Meta's AI investments. InvestingPro analysis indicates the stock is undervalued. Meta's launch of new AI glasses and testing of Instagram Plus also contribute to a positive outlook.
Investing.com - Citizens reiterated a Market Outperform rating and $900.00 price target on Meta Platforms Inc. (NASDAQ:META) stock.
The firm noted Meta will fund seven new natural gas power plants as part of an expanded partnership with Entergy to supply roughly 7GW of power to its Hyperion AI data center campus in Richland Parish, Louisiana. The partnership will dedicate 5GW to compute workloads.
The expansion builds on three gas plants previously approved in 2025. The project includes additional transmission infrastructure, battery storage, and nuclear uprates to support the facility.
Citizens analyst Andrew Boone maintained the $900.00 price target on the stock. The rating remains Market Outperform.The target suggests significant upside from META’s current price of $572.13. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment, placing it among opportunities on the platform’s most undervalued stocks list. The company maintains an impressive 82% gross profit margin, while 5 analysts have recently revised earnings upward—one of 14+ ProTips available to subscribers.
Entergy is not covered by Citizens.For deeper insights into META’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available for META and 1,400+ other US equities on InvestingPro.
In other recent news, Meta Platforms Inc. has announced the launch of two new models of AI glasses, the Ray-Ban Meta Blayzer Optics (Gen 2) and Ray-Ban Meta Scriber Optics (Gen 2), optimized for prescription lenses. These glasses are available for pre-order starting at $499, with a release date set for April 14 in the US and select international markets. Additionally, Meta has begun testing a premium subscription service named Instagram Plus in select countries, offering users exclusive features such as anonymous Story viewing and the ability to see rewatch counts.
In legal developments, Meta faces significant fines, including a $375 million penalty in New Mexico and an approximate $2 million payment in a California lawsuit. These rulings highlight the evolving landscape of social media regulation, as noted by BMO Capital Markets. Furthermore, Morgan Stanley has adjusted its price target for Meta stock from $825 to $775, citing concerns over the advertising market and regulatory challenges. Despite these concerns, Morgan Stanley maintains an Overweight rating on the stock.
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