Wells Fargo Lowers Price Target for Meta Platforms to $765 Amid Rising Costs
Wells Fargo reduced its price target for Meta Platforms (META) from $770 to $765 while maintaining an Overweight rating. The adjustment follows Q1 FY2026 revenue of $56.31 billion, a 33% year-over-year increase, and higher full-year capital expenditure guidance due to rising data center costs.
Topics: AI Infrastructure Meta Platforms Stock Rating Wells Fargo