DBS Lifts Meta Price Target to $1,000; Citizens Cites 18% Instagram Boost
On February 9, DBS reiterated a Buy rating on Meta Platforms with a $1,000 price target, implying 48% upside. On February 10, Citizens kept a Market Outperform rating and $900 target, citing Instagram global time-spent growth of 18% YoY and US usage up at least 16%.
1. Analyst Rating Updates
On February 9, DBS reiterated a Buy rating on Meta Platforms with a $1,000 price target, reflecting nearly 48% upside from prevailing levels. On February 10, Citizens maintained its Market Outperform rating and set a $900 target based on robust engagement metrics.
2. Instagram Engagement Momentum
Citizens highlighted that global time spent on Instagram accelerated by 18% year-on-year over the past six months, with US user growth at least 16%, underscoring strong ad-revenue potential and user retention.
3. Regulatory Response
After European Union antitrust charges, Meta warned it would block rival AI tools on WhatsApp’s Business API, arguing there is no basis for intervention given alternative AI options available across app stores and platforms.