From 24/7 Wall St. · Vandita Jadeja · · 50s
Wells Fargo Rises Meta Target to $796
Wells Fargo boosts Meta's price target to $796 as AI momentum drives confidence
In brief
Wells Fargo boosts Meta's price target to $796 as AI momentum drives confidence Wells Fargo raised Meta's price target to $796 from $640 citing AI product momentum and early Meta Muse assistant traction Originally reported by 24/7 Wall St..
Wells Fargo upgrade
Wells Fargo raised Meta's price target to $796 from $640 and kept its Overweight rating
“Wells Fargo raised Meta's price target to $796 from $640 and reiterated an Overweight rating”
AI product momentum
Meta Muse assistant shows 60% daily user growth since integration with new models
“Meta reported a 60% increase in daily users interacting with the assistant”
Meta Connect focus
Analysts expect Meta Connect to highlight Muse usage metrics and model performance
“Wells Fargo expects investor attention at Meta Connect to zero in on usage statistics for Muse”
Q2 results
Meta's Q2 2026 revenue rose 27.96% to $60.80 billion with 60% higher daily users
“Q2 2026 revenue rose to $60.80 billion, up 27.96% year over year”
Price target context
Meta stock trades at $715.43, 8.01% below year-ago levels despite strong rally
“Meta stock trades around $715.43, up 31.02% over the past month”
The key point
Wells Fargo raised Meta's price target to $796 from $640 citing AI product momentum and early Meta Muse assistant traction
