# Meta Spikes 7% as Wells Fargo Lifts Price Target

> Wells Fargo boosts Meta target to $796 ahead of Connect event
- Title: Meta Spikes 7% as Wells Fargo Lifts Price Target | Shortify
- Summary: Wells Fargo boosts Meta target to $796 ahead of Connect event Investors bet on Muse usage numbers to validate Wells Fargo's price target before Connect…
- Keywords: meta, wells fargo, muse, connect, price target, meta platforms, alphabet, microsoft, nasdaq, ai assistant, developer conference, stock market
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/21/meta-spikes-7-as-wells-fargo-lifts-price-target-to-796-ahead-of-connect-alphabet-nudges-higher-microsoft-holds-flat
- Author: David Moadel
- Published: 2026-09-21T14:24:20+00:00
- Read time: 1 min
- Topics: meta, wells fargo, muse, connect, price target, meta platforms, alphabet, microsoft, nasdaq, ai assistant, developer conference, stock market
## Wells Fargo raises Meta target
Wells Fargo lifted its Meta price target to $796 from $640 ahead of Connect, keeping an Overweight rating.

> Wells Fargo raised its price target on Meta Platforms to $796 from $640 and kept an Overweight rating
## Muse usage numbers key
Investors are betting on Muse usage metrics to validate Wells Fargo's target before Connect.

> The firm has told clients to expect investor focus at Connect to center on Muse usage metrics
## Muse launches this month
Meta launched Muse, a personal agent that books travel and sends emails without requiring user input.

> Meta launched Muse earlier this month, describing it as a personal agent that performs tasks rather than answering questions
## Connect event timing
Wells Fargo's price target adjustment happened before Connect, not after, creating market pressure for Muse metrics.

> The catalyst is an analyst call rather than a reported result. Wells Fargo raised its price target on Meta Platforms to $796 from $640
## Alphabet and Microsoft reactions
Alphabet rose 2% while Microsoft held flat, indicating Meta's move is sector-specific.

> Alphabet shares are moving with the sector today rather than on a company-specific development
## Muse monetization potential
Muse's commerce-focused features could expand Meta's monetization beyond traditional ad rankings.

> An assistant that books and sends and fills in forms sits closer to commerce than a feed does
## Connect data point
Meta's Connect event will reveal Muse usage metrics to validate Wells Fargo's price target.

> The next data point for Meta Platforms is Connect itself, where usage disclosures around Muse and details on the latest models
## Q3 results timing
Meta will report Q3 2026 results on October 28, close to Connect event.

> Meta Platforms is also on the calendar to report Q3 2026 results on October 28
## Key takeaway

Investors bet on Muse usage numbers to validate Wells Fargo's price target before Connect conference