Wall St Engine(@wallstengine):Citi reiterated its Buy rating and $800 price target on $META, calling it one of the firm’s Top Picks across the internet sector ahead of Meta Connect on Sept. 23-24. Citi expects updates around Meta’s AI product strategy, including Muse, whose app downloads have recently exceeded Instagram and Facebook on several days, and a potential launch of Meta’s next foundation model, internally codenamed “Watermelon.” Citi says newer AI products should drive higher engagement and monetization over time as Meta’s compute capacity expands into 2027.

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Wall St Engine@wallstengine

2026.09.16 11:48

Citi reiterated its Buy rating and $800 price target on $META, calling it one of the firm’s Top Picks across the internet sector ahead of Meta Connect on Sept. 23-24. Citi expects updates around Meta’s AI product strategy, including Muse, whose app downloads have recently exceeded Instagram and Facebook on several days, and a potential launch of Meta’s next foundation model, internally codenamed “Watermelon.” Citi says newer AI products should drive higher engagement and monetization over time as Meta’s compute capacity expands into 2027.