StocksMedium•6 October 2026•
1 min read
Wells Fargo Raises Meta Price Target to $1,000 on AI Optimism
Key Facts
1Wells Fargo raised its price target for Meta Platforms from $796 to $1,000 while maintaining an Overweight rating.
2The bank anticipates higher operating expenses for Meta in 2027 to support AI product opportunities like Muse.
Wells Fargo raised its price target for Meta Platforms from $796 to $1,000 while maintaining an Overweight rating. According to TradingView, the bank anticipates higher operating expenses for Meta in 2027 to support new AI product opportunities, specifically the Muse AI agent.
META closed at $741.90 on October 5, 2026, while WFC closed at $81.44 on the same date. Among technology peers, MSFT closed at $525.18 and GOOGL closed at $346.47 on October 5, 2026, while AAPL was trading at $333.41 on October 6, 2026.