Wells Fargo raises Meta Platforms target to USD 1,000 for Meta Platforms stock
Published on 10/09/2026 at 16:02 | 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.
- Meta Platforms reported USD 60.80 billion in second-quarter revenue, up 28.00 percent year over year.
- The stock was EUR 642.40 at Lang & Schwarz on October 9, 2026, down 0.10 percent versus the prior close.
Meta Platforms (ISIN US30303M1027) saw Wells Fargo raise its price target from USD 796.00 to USD 1,000.00 on October 6, 2026. According to CNBC, the bank maintained an Overweight rating while pointing to Meta's Muse personal artificial intelligence agent.
Three dates shaped the stock
On July 29, 2026, Meta reported USD 60.80 billion in second-quarter revenue and diluted earnings per share of USD 6.18, while consensus earnings per share stood at USD 7.19, according to MarketBeat.
On September 25, 2026, Deutsche Bank held a Buy rating and raised its target to USD 820.00, while Piper Sandler lifted its target to USD 875.00, as reported by TradingView.
On October 6, 2026, Wells Fargo moved its target from USD 796.00 to USD 1,000.00 and retained Overweight, according to CNBC.
What does the target raise change?
The new USD 1,000.00 target is 39.20 percent above Meta's USD 718.38 Nasdaq quote at 10:01 a.m. ET on October 9, 2026. That comparison uses a different venue and currency from the German euro quote, so it is a separate market reference rather than a conversion.
The operating hurdle is substantial. Yahoo Finance reported that Meta guided third-quarter 2026 revenue to USD 61.00 billion to USD 64.00 billion and expected 2026 capital spending of USD 130.00 billion to USD 145.00 billion. Revenue growth therefore has to fund an unusually large infrastructure program while Muse develops beyond its September 8 launch.
The next reporting date
TradingView lists October 28, 2026 as the estimated date for Meta's third-quarter results, when revenue against the USD 61.00 billion to USD 64.00 billion guide will be central.
Meta Platforms stock stays near its high
Meta Platforms stock was trading at EUR 642.40 at Lang & Schwarz on October 9, 2026 at 4:00 p.m. CEST, minus 0.10 percent versus the prior close of EUR 643.05 on October 8, 2026. The Nasdaq quote was USD 718.38 at 10:01 a.m. ET on October 9, 2026, against a 52-week range of USD 520.26 to USD 779.82 and a market capitalization of 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 data
- Company: Meta Platforms, Inc.
- ISIN: US30303M1027
- Ticker: META
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 9, 2026, 4:00 p.m. CEST: EUR 642.40
- Change versus prior close: minus 0.10 percent
- Prior close Lang & Schwarz October 8, 2026: EUR 643.05
- Market capitalization: USD 1.8 trillion as of October 9, 2026
- 52-week range: USD 520.26-USD 779.82 as of October 9, 2026
- Sector / Industry: Technology / social networking and artificial intelligence
Market context: Market report Nasdaq Composite.
