Wells Fargo Raises Meta Price Target to $796 From $640

AnalystEarnings
โดย 24/7 Wall St.·US·Read original
Summary · why it matters

Wells Fargo raised its price target on Meta Platforms to $796 from $640 while reiterating an Overweight rating, implying roughly 11% upside from the stock's current level near $715. The firm's thesis centers on product momentum from recent model releases and early traction on the Meta Muse assistant, with investor attention expected to focus on Muse usage statistics at Meta Connect. Since Muse Spark was integrated, Meta reported a 60% increase in daily users interacting with the assistant, an anchor Wells Fargo analyst Ken Gawrelski pressed management on during the Q2 call. Meta's Q2 2026 revenue rose to $60.80 billion, up 27.96% year over year, though diluted EPS of $6.18 missed the $7.22 consensus as costs climbed 55% on $2.40 billion in legal charges and $1.18 billion in severance. Management guided Q3 revenue to $61 billion to $64 billion and full-year capex to $130 billion to $145 billion, while the Street consensus target sits at $755.28 across 47 Buy and 8 Strong Buy ratings versus 7 Holds.

Impact on stocks 2

Artificial Intelligence · 1 stocks
Meta Platforms Inc.
META
▲ PositiveCapitalDemandrelevance

Wells Fargo raised its Meta price target to $796 from $640 and reiterated Overweight, an analyst valuation call.

Financials · 1 stocks
Wells Fargo & Company
WFC
± MixedCapitalrelevance

Wells Fargo is the firm issuing the Meta price-target raise, mentioned only as the analyst, not a subject of impact.

Theme Impact 2

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