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.

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.