Raymond James cuts Meta PT, says co in 'awkward phase'

Brokerage Raymond James cuts PT on Meta Platforms META.O to $800 from $825, still implying a 21.4% upside to stock's last close

Says Meta is in a bit of an "awkward phase," as top-line strength likely to be offset by higher expenses and capital spending

Adds, Meta remains an "AI Tweener" in the brokerage's AI Stack framework, as it looks for increased progress from the next Llama (or other) model release

Brokerage is also looking for stronger traction in Meta AI usage, wider Business AI adoption and further advances in AI-driven content and devices

Says AI will be the key driver of the stock's valuation multiple over the next year

60 of 65 brokerages covering the stock recommend a rating of "buy" or higher, others "hold"; stock has a median PT of $820, according to data compiled by LSEG

Stock rose 12.7% in 2025