Wells Fargo lifts Meta target to $1,000 on AI potential

Wells Fargo raised its Meta Platforms price target to $1,000 from $796, keeping an Overweight rating, Investing.com reported Oct. 6. The bank cited AI product cycle potential. A price target is an analyst's estimate of future share value; Overweight means it favors the stock. I'd want to see the earnings math behind the higher number.