Wells Fargo Lowers Price Target for Meta Platforms (META)
On May 20, Wells Fargo analyst Ken Gawrelski reduced the price target for Meta Platforms Inc. (NASDAQ:META) to $765 from $770 while maintaining an 'Overweight' rating. The adjustment reflects ongoing confidence in companies monetizing compute investments through cloud services and Meta's strong ad performance funding its AI expansion.
Topics: AI Investments Meta Platforms Stock Rating Wells Fargo