[Bank of America: Meta's Q3 Revenue Exceeds Expectations at $64.6 Billion, Target Price Raised to $845] According to a research report by Bank of America Securities dated October 22, 2026, as reported by DeepFlow TechFlow, Meta's Q3 revenue reached $64.6 billion, exceeding market expectations of $63.3 billion; earnings per share (EPS) were $3.83, below the expected $5.52, dragged down by a $9.9 billion one-time legal settlement fee; excluding this fee, operating profit and EPS exceeded expectations; Q4 revenue guidance is $73 billion to $76 billion, exceeding the expected $73.6 billion. Bank of America Securities believes that AI investment is showing signs of returns, the commercialization path of Muse is clearer than last quarter, and enterprise API licensing and subscriptions may become catalysts in 2027. It maintains a buy rating and raises its target price from $810 to $845, based on a 25x 2027 EPS forecast.