Wells Fargo raised target for Meta Platforms stock to USD 1,000
Published on 10/12/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Wells Fargo raised its Meta Platforms price target to USD 1,000 from USD 796 on October 6, 2026.
- Meta Platforms reported USD 60.80 billion in second-quarter 2026 revenue, up 28.00 percent year over year.
- The stock was at EUR 648.60 at Lang & Schwarz on October 12, 2026, up 0.76 percent versus the Xetra close of October 9, 2026 at EUR 643.70.
- Meta's next reported earnings date is October 28, 2026.
Meta Platforms (ISIN US30303M1027) was trading at EUR 648.60 at Lang & Schwarz on October 12, 2026, up 0.76 percent versus the Xetra close of October 9, 2026 at EUR 643.70. On October 6, 2026, Wells Fargo raised its Meta Platforms price target to USD 1,000 from USD 796 while keeping an Overweight rating, according to CNBC.
Meta's AI bet meets higher costs
The target increase followed the launch of Muse, Meta's artificial intelligence agent, on September 8, 2026. Wells Fargo analyst Ken Gawrelski linked the higher valuation view to enthusiasm around the product cycle, while also expecting heavier infrastructure spending to weigh on near-term earnings, CNBC reported on October 6, 2026.
Meta's second-quarter 2026 revenue reached USD 60.80 billion, up 28.00 percent from the year-earlier period, according to Yahoo Finance. The same quarter brought USD 42.03 billion in expenses, up 55.00 percent year over year, while operating margin fell to 31.00 percent from 43.00 percent.
What does the earnings gap mean?
The second-quarter figures show why the target increase carries a clear execution condition. GAAP diluted earnings per share came to USD 6.18, below the USD 7.22 analyst estimate cited by FinanceBuzz on October 10, 2026. Free cash flow was USD 784 million, compared with USD 8.55 billion in the year-earlier quarter, according to Yahoo Finance on October 9, 2026.
That contrast leaves Meta's advertising engine financing an expensive infrastructure buildout. Revenue growth of 28.00 percent exceeded expense growth in scale, but the 55.00 percent increase in costs and the lower cash conversion make Muse monetization and capital spending central issues for the next report.
Upcoming results set the next test
Meta's next earnings report is scheduled for October 28, 2026, according to MarketBeat. Barron's lists Meta's fiscal-year 2026 earnings for February 3, 2027, giving the market two dated checkpoints for the AI spending and monetization debate.
Meta stock holds above the Xetra base
At Lang & Schwarz, Meta Platforms stock was trading at EUR 648.60 on October 12, 2026 at 11:13 a.m. CEST. That is EUR 4.90, or 0.76 percent, above the Xetra close of October 9, 2026 at EUR 643.70. The primary listing is NASDAQ in USD, while the German investor view uses the euro quote.
The further course of trading is shown by the continuously updated real-time quote of Meta Platforms stock.
Meta Platforms stock facts
- Company: Meta Platforms, Inc.
- ISIN: US30303M1027
- WKN: A1JWVX
- Ticker: META
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 12, 2026, 11:13 a.m. CEST: EUR 648.60
- Change versus Xetra close: plus 0.76 percent
- Xetra close October 9, 2026: EUR 643.70
- Market capitalization: USD 1.8 trillion as of October 9, 2026
- 52-week range: USD 520.26-779.82 as of October 9, 2026
- Sector / Industry: Communication Services / Internet Content and Information
- Index membership: S&P 500
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
