Wall Street updates its price targets on Meta $META following its Q3 earnings:
BofA: $810 → $845 (Buy) – Strong revenue and Q4 outlook; confidence in Muse’s growth potential.
Wells Fargo: $1,000 → $995 (Overweight) – Strong ad growth, but AI spending uncertainty remains.
Barclays: $780 → $880 (Overweight) – Muse could be a game changer.
Citi: $895 → $905 (Buy) – AI-driven product launches and monetization opportunities.
TD Cowen: $865 → $850 (Buy) – Solid earnings, but AI infrastructure may require new financing.