Wells Fargo raised its price target for Meta Platforms to $1,000 per share from $796, implying nearly 35% upside. The bank maintained its overweight rating on the stock, viewing Meta as an accelerating growth story with emerging AI opportunities in messaging, ad tools and new consumer applications. Since Muse’s September 8 launch, Meta’s stock has surged nearly 20%, significantly outperforming the S&P 500’s 1.5% gain over the same period. Muse has become the top free app on Apple’s App Store. Wells Fargo’s $1,000 price target is among the highest on Wall Street, with 56 out of 63 analysts tracked by LSEG and FactSet rating the stock as a buy or strong buy.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
