7/105 sources · 5 publishersUpdated Oct 8, 22:01 UTC
Wells Fargo lifts Meta price target to $1,000 on Muse AI momentum
Wells Fargo analyst Ken Gawrelski raised Meta Platforms' price target from $796 to $1,000, citing strong demand for its Muse AI agent. The bank maintains an Overweight rating and projects a roughly 35% upside from the current share price. Gawrelski expects a dip in earnings per share to $31‑$32 in 2027 before a rebound to $40 in 2028 as AI spending peaks.
Why it matters
The higher target signals a bullish outlook for Meta and may support the stock price despite a short‑term dip, according to Wells Fargo. The note also highlights that a large $10 billion settlement charge and elevated 2027 operating expenses could weigh on near‑term earnings.
Key facts
- 1Wells Fargo raised its price target for Meta to $1,000 from $796. investing.com
- 2The new target implies roughly 35% upside from the Monday close. cnbc.com
- 3Wells Fargo cites strong demand for Meta's Muse AI agent as the catalyst. finance.biggo.com
- 4Wells Fargo expects a $10 billion settlement charge in the third quarter. investing.com
- 5The analyst projects 2027 operating expenses of $210 billion to $215 billion. finance.biggo.com
- 6Gawrelski forecasts 2027 earnings per share of $31 to $32, below consensus near $34. 247wallst.com
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.