Wells Fargo raises Meta price target to $625

Despite a target price increase from $593 to $625 per share by Wells Fargo for Meta (META), the stock price still fell slightly on Monday morning. Wells Fargo stated that Meta's strong advertising performance in the second quarter was the reason for the increase in its stock price. Analysts in their latest research report told investors that they also expect revenue in the third quarter to reach $38 billion to $40.5 billion. Analysts believe that Meta has strong growth momentum, will maintain a buy rating, and will raise its target price to $625 per share.