Wells Fargo Raises Meta (META) Price Target to $837, Keeps Overweight Rating

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks In The Spotlight For InvestorsOn October 7, Wells Fargo analyst Ken Gawrelski raised the firm’s price target on the stock to $837 from $811 and kept an Overweight rating on the shares.

The firm is raising estimates driven by continued ads strength, in turn supported by a stable economy and investments that drive impression growth and conversion improvement.

It also expects Q4 guide ahead, seeing above 20% growth crucial to ease concerns about emerging competition for engagement.

While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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