Meta Event Next Week Could Spark Stock Gains, Says Citi

Meta Event Next Week Could Spark Stock Gains, Says Citi

Wed, September 16, 2026 at 11:55 PM GMT+3 1 min read

• META +1.34%

Key Takeaways

• Citi analysts said they believe Meta's developers conference next week could spark some fresh enthusiasm for the stock.

• The analysts said they believe Meta could give significant updates on its AI strategy at the event.

Meta's upcoming developers conference could fuel some fresh enthusiasm for the stock, according to one Wall Street bull.

Analysts at Citi said they view the Meta Connect event next week as a near-term catalyst for price gains in a note to clients Wednesday, anticipating the company could give significant updates on its AI strategy.

CEO Mark Zuckerberg is set to give a keynote address at 7 p.m. ET next Wednesday (which will stream live here), with developer-focused events on Thursday.

The Citi analysts called Meta one of their favorite names to own across the internet sector, citing Meta's recent model and product releases. They said they were impressed by the early download numbers and new AI use cases created by Meta's Muse personal AI agent announced last week.

Citi has a "buy" rating and $800 price target for the shares, a bit above the $774 consensus of analysts surveyed by Visible Alpha. The stock, which climbed less than 1% to close at $673 Wednesday, has added just 2% since the start of the year.

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