Optimism for Meta Amid AI Push

Wells Fargo Doubles Down on Meta

Wells Fargo analyst Ken Gawrelski raised his Meta Platforms stock price target to $1,000 from $796 this week. The new figure ranks among the highest targets on Wall Street. The bank kept its overweight rating. However, the same note expects Meta's earnings to bottom out before its artificial intelligence (AI) push shows up in estimates.

AI-Driven Growth

The bank expects Meta's AI push, particularly its Muse AI agent, to drive growth. Gawrelski framed Muse as the start of a new product cycle and compared it with the early days of Reels. 'We see FY27 as trough EPS of new product cycle, akin to 2022 beginning of Reels though w/ Muse a potentially much larger, AI-driven product cycle,' the analyst said.

Analysts Weigh In

Other analysts have varying targets. TipRanks data shows an average 12-month target of $806.13 from 46 analysts over the past three months. JPMorgan raised its target to $920 last month. BMO Capital keeps a $580 target with a Hold rating. Jim Cramer is also in Meta's corner, naming the company as one of his blue-chip AI stocks. Cramer acknowledged that Meta shares stumbled early in 2026 but trusts Zuckerberg and his team to find a way to earn money from its AI spending.

Earnings Commentary

Gawrelski expects Meta's upcoming earnings commentary to set muted expectations for near-term Muse monetization. The stock reacts will show whether investors are willing to wait until after 2027.