Goldman Sachs and UBS raise Meta price targets amid AI expansion

Goldman Sachs and UBS have increased their price targets for Meta Platforms, setting new forecasts above $850 while maintaining Buy ratings. Goldman Sachs analyst Eric Sheridan raised his target from $725 to $860, while UBS analyst Stephen Ju increased his target to $884. These revisions are driven by Meta’s efforts to diversify its artificial intelligence offerings and develop new revenue streams, such as Business Agents and Muse, particularly through WhatsApp and Messenger.

Separately, regulatory filings show that Essex LLC reduced its stake in The Goldman Sachs Group, Inc. by 11.3% during the third quarter. Following the sale of 1,562 shares, Essex LLC holds 12,224 shares of the investment management company, valued at approximately $11,006,000.