Meta Platforms price target raised to $783 from $664 at Wells Fargo

Wells Fargo analyst Ken Gawrelski raised the firm’s price target on Meta Platforms (META) to $783 from $664 and keeps an Overweight rating on the shares. The firm cites solid fundamentals, and says it is raising estimates on temporary tariff reprieves and healthy ad checks. Meta leadership taking decisive action to fortify its AI bets, notes Wells, adding that the market has received the investments favorably, but expectations for the returns are also rising.