Wells Fargo Lowers Meta Price Target to $754

Wells Fargo analyst Ken Gawrelski lowered the price target on Meta (NASDAQ: META) to $754.00 (from $795.00) while maintaining an Overweight rating.

“Evaluation of capacity contracts drives meaningful upward revision to OpEx/CapEx estimates for 2026-2028.

See challenging near-term timing mismatch between ramping AI investments in compute capacity and identification of new use cases & products.”

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