Wells Fargo raises Meta price target to $1,000
WFC Wells Fargo & Co
$81.51 +0.09%
View chart & analysis → - 1Wells Fargo raised its price target for Meta from the previous $796 to a higher target of $1,000.
- 2Wells Fargo removed approximately $5 billion in Meta's projected 2027 capacity resale revenue, equivalent to a projected 2027 capacity resale scale of 500 megawatts.
- 3Jim Cramer expressed a preference for using computing power for productive purposes rather than renting it out.
So what's the key point?
Wells Fargo raised its price target for Meta to $1,000, suggesting the stock could rise further. However, the calculation excluded a portion of the projected revenue for 2027.
Source CNBC · View original ↗
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