Wells Fargo has increased its price target for Meta Platforms (META) to $796 from $640, maintaining an Overweight rating. The firm cites encouraging early signs from a new product cycle, specifically Meta's Muse Spark 1.3 AI model, as a key driver. The new target implies a 16% upside from current trading levels. While revenue estimates remain unchanged, Wells Fargo reduced 2026 operating income estimates by 12% due to a $10B legal settlement charge. 🔗
Wells Fargo raises Meta stock price target to $796 on AI progress
INVESTING.COMSep 21, 11:08 AM UTC
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