Meta stock climbed 7% as Wells Fargo lifted its price target to $796, signaling strong confidence in the company's AI strategy ahead of the annual Meta Connect conference.
Wells Fargo raised its price target on Meta to $796 from $640 and maintained an overweight rating, driving shares up over 7%.
Meta Platforms shares surged over 7% on Monday following a bullish analyst upgrade from Wells Fargo. The firm raised its price target to $796 from $640, citing optimism ahead of the upcoming Meta Connect event where the company is expected to showcase its new Muse AI agent.
Meta shares rallied after Wells Fargo analyst Ken Gawrelski raised the price target to $796 and maintained an overweight rating, driven by optimism surrounding the company's AI initiatives.