Goldman Sachs cuts target for Meta Platforms stock to USD 762

Published on 10/16/2026 at 09:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Meta's third-quarter report is due October 21, 2026. Meta Platforms stock costs EUR 655.75 on October 16, 2026, 1.61 percent below Xetra.

Targets and earnings dates

Goldman Sachs cut its Meta target from USD 860.00 to USD 762.00 on October 14, 2026.
Meta reported USD 60.80 billion in second-quarter 2026 revenue, up 28.00 percent year over year.
Meta Platforms stock trades at EUR 655.75 at 9:48 a.m. CEST at Lang & Schwarz on October 16, 2026, 1.61 percent below the Xetra close of October 15, 2026.

Schwarz-weiße Reportagefotografie einer dichten Menschenmenge in einer Stadt, jede Person blickt auf ein leuchtendes Smartphone-Display – ein eindringliches Bild digitaler Vernetzung im Stil von Meta Platforms — Meta Platforms US30303M1027 dokumentiert Menschenmenge mit Smartphones in schwarz weißer Reportage Fotografie, Illustration mit AI erstellt.

Meta Platforms (ISIN US30303M1027) faces a lower Goldman Sachs target of USD 762.00 after the bank cut its previous USD 860.00 target on October 14, 2026. Meta Platforms stock was trading at EUR 655.75 at Lang & Schwarz on October 16, 2026, 1.61 percent below the Xetra close of October 15, 2026. The change keeps attention on whether Meta's heavy artificial intelligence spending can produce new revenue streams.

Why did Goldman cut the target?

According to Markets Insider on October 14, 2026, Goldman Sachs kept a Buy rating while reducing the target from USD 860.00 to USD 762.00. The report cited potential upward pressure on 2027 operating expenses as Meta invests in artificial intelligence products, although it also pointed to favorable digital advertising trends.

Meta's second-quarter 2026 revenue was USD 60.80 billion, up 28.00 percent from the year-earlier quarter, while diluted earnings per share was USD 6.18. Yahoo Finance reported that advertising revenue reached USD 59.36 billion, with ad impressions up 14.00 percent and average price per ad up 12.00 percent. Costs and expenses rose 55.00 percent to USD 42.03 billion, leaving operating margin at 31.00 percent instead of 43.00 percent a year earlier.

What does the next report test?

The chronology shows how quickly the debate has shifted. On July 29, 2026, Meta reported USD 60.80 billion in second-quarter revenue. On October 12, 2026, it introduced the Muse Wonder models, while the company described paid products as an emerging opportunity in coverage by Yahoo Finance. On October 14, 2026, Goldman Sachs cut its target to USD 762.00 from USD 860.00.

Pepperstone identifies October 21, 2026, as the next third-quarter reporting date and cites a consensus revenue estimate of USD 63.29 billion. Meta's own third-quarter revenue guidance is USD 61.00 billion to USD 64.00 billion, making advertising growth and spending discipline the central tests.

Stock stays below the yearly high

Meta Platforms stock was trading at EUR 655.75 at Lang & Schwarz on October 16, 2026 at 9:48 a.m. CEST, 1.61 percent below the Xetra close of October 15, 2026 at EUR 666.50. The Nasdaq listing remains the primary US reference, while the next earnings release supplies the clearest near-term company date. The further course of trading is shown by the continuously updated real-time quote of Meta Platforms stock.