Wells Fargo Cuts Meta Platforms (META) Price Target to $995
Key Points
- Wells Fargo maintained an Overweight rating on Meta Platforms, Inc. on October 22, 2026, moving its price target from $1,000.00 to $995.00.
- Wells Fargo's $995 price target implies 53.85% upside from Meta Platforms, Inc.'s ($META) current $646.73 share price.
- Meta Platforms, Inc. recently traded around $646.73, sitting above its 200-day moving average.
- Chief Operating Officer Javier Olivan completed four separate share sales between September 28, 2026, and October 19, 2026.
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Wells Fargo reiterated its Overweight rating on Meta Platforms, Inc. (NASDAQ: META) on October 22, 2026, while adjusting its price target from $1,000.00 to $995.00. The research note outlines the firm's forward-looking view on the tech giant as shares continue to navigate market conditions.
META
Meta Platforms, Inc.
Wells Fargo vs. the S&P 500
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Wells Fargo's Call on Meta Platforms, Inc.
In its October 22, 2026 report, Wells Fargo maintained its Overweight rating on the company. The firm tweaked its target down slightly from $1,000.00 to $995.00, keeping a positive outlook on the stock's future performance.
Meta Platforms, Inc. Stock Down 6.8%
Meta shares recently traded around $646.73 as of October 22, 2026, up about 0.3% from the session's close of $644.52. The stock trades above its 200-day moving average by about 2.2%.
$META price target
Meta Platforms, Inc. daily closes and this analyst's $995 target. Not advice.
Recent Earnings
Meta Platforms generated trailing-twelve-month revenue of $228.25 billion with earnings of $29.31 per share.
Dividend
The company pays an annual dividend of $2.10 per share, yielding 0.3% with a payout ratio of 7.9%.
Insider Buying and Selling at Meta Platforms, Inc.
Chief Operating Officer Javier Olivan completed four transactions ahead of the analyst update. On September 28, 2026, Olivan disposed of 1,575 shares valued at $1.18 million. He followed this with three more sales of 1,575 shares each: on October 5 at an average price of $728.08 for $1.15 million, on October 12 at $728.10 for $1.15 million, and on October 19 at $707.20 for $1.11 million.
Analysts Set New Price Targets
Other Wall Street firms adjusted their views on October 22, 2026. BMO Capital maintained a Market Perform rating and raised its target from $580.00 to $685.00. Evercore ISI Group kept an Outperform rating while lifting its target from $860.00 to $870.00. Mizuho maintained an Outperform rating and bumped its target from $750.00 to $950.00. Barclays kept an Overweight rating and raised its target from $780.00 to $880.00. RBC Capital maintained an Outperform rating and moved its target from $770.00 to $800.00. The broader consensus lists a Strong Buy recommendation across 58 analyst opinions.
About Meta Platforms, Inc.
Meta Platforms builds digital products that help people connect through mobile devices, computers, virtual reality headsets, and artificial intelligence glasses. It operates through the Family of Apps and Reality Labs segments.
Bottom Line
Wells Fargo's updated target offers a window into institutional sentiment for Meta. Investors will monitor upcoming earnings reports and further insider filings to gauge near-term momentum.
Related Filing Alerts
Source: Wells Fargo's rating change on $META (Oct 22, 2026). Written by software, not financial advice. How we make alerts