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Wells Fargo sets $1,000 target for Meta, citing AI-driven growth despite recent spending challenges.

Analyst Insights
08 Oct 2026
24/7 Wall Street
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Bullish
Wells Fargo sets $1,000 target for Meta, citing AI-driven growth despite recent spending challenges.

Wells Fargo raised Meta's price target to $1,000, highlighting strong revenue growth driven by AI innovations like Meta Business Agents and Advantage Plus. Despite 28% revenue growth, Meta's stock has been stagnant due to rising costs and legal charges. To reach $1,000, Meta needs sustained ad growth, successful AI product monetization, and controlled spending to improve margins. The stock currently trades at a reasonable 23x forward earnings, with potential upside if AI continues to boost ad pricing and revenue.

As of Oct 09, 2026 00:41 WIB, Meta Platforms Inc trades at USD 717.27 on Pluang, down 0.56% in the past day. The stock holds a market cap of $1.84 trillion and an enterprise value of $1.86 trillion, with a dividend yield of 0.29%. Despite Wells Fargo's bullish price target of $1,000, current Pluang order activity shows 65% selling and 35% buying interest, reflecting cautious investor sentiment.

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