Wells Fargo Reduces PT on Meta Platforms (META) Stock

Wells Fargo Reduces PT on Meta Platforms (META) Stock Bob Karr Sun, May 24, 2026 at 3:30 PM GMT+2 2 min read META Meta Platforms, Inc. (NASDAQ: META ) is one of the Best Long-Term Stocks to Buy Now for High Returns. On May 20, Wells Fargo analyst Ken Gawrelski reduced the firm’s price objective on the company’s stock to $765 from $770 and kept an “Overweight” rating on the shares.

Wells Fargo Reduces PT on Meta Platforms (META) Stock As per the firm, the broader market confidence continues to improve in companies that are monetizing compute investments directly with the help of cloud business. This is despite Meta Platforms not selling cloud services to outside customers. The company’s rising AI capex is backed by strong ad momentum, with double-digit growth in impressions and pricing, showing its core business is still funding its aggressive AI buildout.

In a different update, Reuters reported that Meta Platforms, Inc. (NASDAQ:META) stated its layoff plans and believes that the reduction in workforce globally will be accompanied by ‌a new round of organizational changes that can improve AI workflows. Notably, the company continues to increase its AI investments to center the AI agents in the product offerings and the approach to work internally.

Meta Platforms, Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, virtual reality (VR) headsets, and AI glasses. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.

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