Wells Fargo lowered the firm’s price target on Meta Platforms (META) to $795 from $802 and keeps an Overweight rating on the shares. The firm expects Q4 earnings and 2026 outlook to solidify confidence in $31-$32 EPS for 2026. Street CapEx is likely to move higher, again, Wells says. To drive multiple expansion, the firm sees updated Llama model release, expected in the first half of the year, and associated new products as key factors.
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