Wells Fargo hiked its Meta price target to $796, pointing to strong AI engagement metrics and the successful integration of the Muse assistant as key drivers for future growth.
Wells Fargo raised its price target on Meta from $640 to $796, citing AI product momentum and Muse assistant traction, reinforcing a bullish outlook.
Wells Fargo has raised its price target for Meta Platforms from $640 to $796, citing significant AI product momentum and early success with the Meta Muse assistant. The firm maintains an Overweight rating, noting that a 60% surge in daily assistant users provides a concrete anchor for the company's long-term AI growth narrative ahead of the upcoming Meta Connect event.
The firm cites strong product momentum, specifically the successful integration of the Meta Muse assistant and accelerating AI investments that are enhancing core business operations.