Meta Spikes 7% as Wells Fargo Lifts Price Target to $796 Ahead of Connect; Alphabet Nudges Higher, Microsoft Holds Flat
Source: 24/7 Wall St. ·
Meta Platforms (NASDAQ:META) stock is leading mega-cap technology higher this morning after Wells Fargo lifted its price target on the company just ahead of the annual Connect developer conference. The move stands out against a firm but not roaring sector tape, with peer names climbing more modestly in the same direction. Shares are at $712.56, […]
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Wells Fargo just raised its Meta price target before Connect rather than after it, which means buyers are betting on Muse usage numbers the company has not yet disclosed and that this week's developer event will either validate or crush. Market Movers desk. Editor: David Moadel . This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Meta Platforms ( NASDAQ:META | META Price Prediction ) stock is leading mega-cap technology higher this morning after Wells Fargo lifted its price target on the company just ahead of the annual Connect developer conference. The move stands out against a firm but not roaring sector tape, with peer names climbing more modestly in the same direction. Shares are at $712.56, up 7% in Monday morning trading, several times the pace of the broader technology backdrop. That relative strength locates today’s driver inside Meta Platforms rather than in a broad lift, and it…