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Meta Platforms Price Target Cut by Wells Fargo
Analysts lower price target to $765 from $856 while maintaining 'overweight' rating
Apr. 2, 2026 at 2:22pm
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Wells Fargo & Company reduced their price target on Meta Platforms (NASDAQ:META) from $856.00 to $765.00 while maintaining an 'overweight' rating on the stock. The social media company's shares traded down 1.9% on the news.
Why it matters
Meta Platforms is one of the largest and most influential technology companies, with its family of social media platforms including Facebook, Instagram, WhatsApp and Messenger. Analyst price target adjustments can impact investor sentiment and trading activity around the stock.
The details
In a research note, Wells Fargo analysts cited ongoing challenges and uncertainty facing Meta Platforms as reasons for the lower price target, even as they maintained an 'overweight' rating on the stock. The new $765 price target still represents potential upside of 34.67% from the stock's previous closing price.
- Wells Fargo issued the updated price target and rating on Thursday, April 2, 2026.
The players
Wells Fargo & Company
A major American multinational financial services company that provides various banking, investment, and mortgage products and services.
Meta Platforms, Inc.
The parent company of social media platforms Facebook, Instagram, WhatsApp and Messenger, focused on building social networking and immersive computing technologies.
What’s next
Investors will be closely watching to see if Meta Platforms' stock price continues to fluctuate in response to the revised price target from Wells Fargo.
The takeaway
While the lower price target reflects ongoing challenges for Meta Platforms, the 'overweight' rating indicates analysts still see potential upside in the stock. Investors will be monitoring the company's performance and any further analyst adjustments.
