Wells Fargo raises target for Meta Platforms stock to USD 1,000.00
Published on 10/08/2026 at 16:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Wells Fargo raised its Meta Platforms target from USD 796.00 to USD 1,000.00 on October 6, 2026.
- Second-quarter revenue reached USD 60.80 billion, up 27.95 percent year over year.
- The Lang & Schwarz price was EUR 644.60 on October 8, 2026, unchanged from the EUR 644.60 prior close.
- Meta Platforms reports third-quarter 2026 results on October 28, 2026.
Meta Platforms (ISIN US30303M1027) saw Wells Fargo raise its price target from USD 796.00 to USD 1,000.00 on October 6, 2026, while maintaining an Overweight rating, according to Investing.com. The move puts valuation and the commercial prospects of Meta's Muse product cycle at the center of the stock story.
Three dates shape the AI story
On September 8, 2026, Meta launched its Muse artificial intelligence assistant, after which its shares gained more than 20 percent, as reported by finanzen.at. On September 22, 2026, Jefferies raised its target from USD 710.00 to USD 875.00 and kept a Buy rating, according to MarketBeat. Wells Fargo then lifted its target from USD 796.00 to USD 1,000.00 on October 6, 2026, the latest dated event in this sequence.
What does the target raise mean?
The target increase rests on stronger expected monetization of artificial intelligence products, but the same analysis points to higher spending. Wells Fargo projected fiscal 2026 operating expenses of USD 175.00 billion to USD 177.00 billion, compared with the earlier company range of USD 165.00 billion to USD 169.00 billion, according to Investing.com. That makes the investment cycle important for the next earnings report because revenue growth must increasingly support infrastructure costs.
Meta's second-quarter 2026 revenue was USD 60.80 billion, up 27.95 percent from USD 47.52 billion in the same quarter of 2025, while diluted earnings per share fell to USD 6.18 from USD 7.14, according to MarketBeat. The contrast is clear: advertising growth remains substantial, but profit conversion is the figure that will test the AI spending case.
Next date is October 28
Meta Platforms is scheduled to report third-quarter 2026 results on October 28, 2026, after the US market close, with consensus revenue at USD 63.28 billion and estimated earnings per share of USD 6.77, according to Yahoo Finance. The report will provide the next measured comparison between the Muse narrative and the company's reported operating performance.
Meta Platforms stock holds its range
Meta Platforms was trading at EUR 644.60 at Lang & Schwarz on October 8, 2026 at 4:32 p.m. CEST, unchanged versus the prior close of EUR 644.60 on October 7, 2026. On Nasdaq, the stock was trading at USD 723.38 on October 8, 2026 at 10:36 a.m. ET, within a 52-week range of USD 520.26 to USD 779.82, while market capitalization stood at USD 1.8 trillion. The further course of trading is shown by the continuously updated real-time quote of Meta Platforms stock.
Meta Platforms market snapshot
- Company: Meta Platforms, Inc.
- ISIN: US30303M1027
- Ticker: META
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 8, 2026 at 4:32 p.m. CEST: EUR 644.60
- Change versus prior close: unchanged
- Prior close Lang & Schwarz October 7, 2026: EUR 644.60
- Market capitalization: USD 1.8 trillion as of October 8, 2026
- 52-week range: USD 520.26 to USD 779.82 as of October 8, 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.
