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Wells Fargo views 2027 as a trough earnings year in a new product cycle, with meaningful financial contributions from Meta’s Muse artificial intelligence agent expected further out.
Meta Platforms Inc. (META) drew a higher price target from Wells Fargo on Tuesday, with analyst Ken Gawrelski lifting his target to $1,000 from $796 while maintaining an ‘Overweight’ rating.
A Wells Fargo analyst just slapped the highest price target on Meta that anyone is tracking, yet his own model expects the stock to have a rough year before that target becomes plausible. Understanding why that tension exists changes how you read the number.