From 24/7 Wall St. · Joel South · · 1m
Meta's Bull Sees 30% Growth This Year
Evercore's Mark Mahaney targets $860 for Meta after calling its Muse AI 'best product'.
In brief
Evercore's Mark Mahaney targets $860 for Meta after calling its Muse AI 'best product'. Evercore's Mark Mahaney forecasts Meta's stock to reach $860 this year if Muse AI scales, despite 2026 earnings misses and high capital expenditures. Originally reported by 24/7 Wall St..
Evercore's Mark Mahaney
Evercore ISI's Mark Mahaney named Meta his number one pick with an $860 price target on CNBC Tuesday.
“the best product coming to market”
Meta Stock Moves
Meta stock traded around $739.99 intraday, up 34.66% over the past month after Mahaney's call.
Q2 2026 Earnings
Meta reported $60.80 billion revenue up 27.96% year over year but $15.85 billion net income down 13.57%.
Free Cash Flow Challenge
Meta's Q2 free cash flow collapsed to $784 million, down 91.31% year over year as capex ran $30.12 billion.
Muse AI Growth
Muse AI boosted daily interactions by 60% since Meta rebuilt its assistant and integrated Muse Spark.
2028 Timeline
Mahaney expects Meta's free cash flow to turn up in 2028 after 2026 capex and expenses eat into profits.
What it means
Evercore's Mark Mahaney forecasts Meta's stock to reach $860 this year if Muse AI scales, despite 2026 earnings misses and high capital expenditures.
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