Meta is back to historical P/E levels. KeyBanc says the next leg is earnings.

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 == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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