Meta shares have surged as Muse climbed the app store and Meta Connect landed, and KeyBanc’s Justin Patterson raised his target to $900. His point on air is that the easy part is done. The multiple has already re-rated back to historical levels, so from here he is watching app downloads and connectors feed into revenue revisions, ending at 2028 earnings of about $40.50 a share. He also makes the comparison nobody else is making: Meta is running the same playbook Google ran a year ago, DOJ trial and all.
Featuring:
Justin Patterson, Managing Director, KeyBanc Capital Markets
Brooke DiPalma, Yahoo Finance
Timestamps
0:00 Is this a big moment for Meta?
1:01 Will everyday Americans hand an agent their passwords?
1:16 Why AI has been an enterprise product until now
2:04 The glasses, and the Reality Labs question
2:27 “Meta loves it when a plan comes together”: The Oculus case
3:26 Meta’s habit of bouncing back from drawdowns
3:50 A year ago Google was the AI loser
5:23 The reset away from Llama, and Superintelligence Labs
6:00 Apple, OpenAI, and whether everyone can win
6:16 Two billion pairs of glasses, and the Android analogy
7:04 Close
#Meta #METAstock #KeyBanc #AI #Valuation #YahooFinance
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