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.

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