AI Cycles Support Long-Term View on META Despite Near-Term Pressure

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks in Focus on Wall Street. On January 26, KeyBanc analyst Justin Patterson lowered the price target on the stock to $835.00 (from $875.00) while maintaining an Overweight rating. The firm anticipates META to benefit from AI product cycles in 2026 alongside Alphabet (GOOGL). We believe OW-rated Alphabet (raise PT to $360) and OW-rated Meta (lower PT to $835) should benefit from AI product cycles in 2026. While Alphabet’s AI upside is increasingly r ...