Wells Fargo Lifts Meta Price Target to $1,000, Flags 2027 Earnings Dip
Wells Fargo raised Meta's price target to $1,000, citing Muse AI momentum but warning earnings may bottom in 2027.
Wells Fargo raised Meta's price target to $1,000, citing Muse AI momentum but warning earnings may bottom in 2027.
Dan Niles still favors Alphabet and Meta, citing Google Cloud's 82% revenue growth and Meta's Muse agent.
JPMorgan raised its Meta price target to $920 after Muse AI agent showed strong growth, with shares up 30% in September.
US major indexes ended little changed; Meta surged 4.5% on AI agent news, lifting Nasdaq while other indices fell.
Meta shares approach all-time highs near $796 as the Muse AI rally extends, breaking above $759 to reach $776.58.
Meta announces $1,299 VR glasses and Muse Charm keychain at Connect 2026.
Meta's $27.3 billion AI data center bond fell to 94.4 cents on the dollar, a record low, even as Meta's stock surged 9% in its biggest daily rally in a year.
Meta shares surged 11% Monday after its Muse AI agent gained traction, reflecting investor appetite for frontier AI.
The Nasdaq Composite hit a record close, rising 2.26%, driven by Meta's surge and gains in chip stocks.
Meta shares surged over 10% to near $735 as enthusiasm over new AI assistant Muse drove a breakout above key resistance levels.
Meta shares test the $685-$690 resistance zone after breaking a trendline, with a sustained move above $690.38 needed to extend gains.
Mark Zuckerberg argues that competition and user demand already push AI labs to prioritize safety, pushing back against calls for new regulation.
Meta shares rose 6.55% after Muse AI launch. JPMorgan upgraded the stock and raised its target to $820. The stock faces trendline resistance near $665.
Meta shares rallied on its Muse AI agent; ServiceTitan and Navan declined on guidance and cost concerns. Cloudflare, American Eagle, Signet, andβ¦