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

$1,000 is Wells Fargo's new target for Meta Platforms shares, up from $796, Investing.com reported Oct. 6. The bank kept its Overweight rating — Wall Street shorthand for expecting it to beat the market — citing upcoming AI products. That's an opinion, not a guarantee. I'd want to see the profit forecasts backing it.