Wells Fargo raises Meta price target to $625

Meta shares fell slightly on Monday morning despite Wells Fargo raising its price target on the company from $593 to $625 per share. Wells Fargo cited Meta's strong advertising performance in the second quarter as the reason for its stock price rise. Analysts told investors in their latest research note that they also expect third-quarter revenue to reach $38 billion to $40.5 billion. Analysts believe Meta has strong momentum and will maintain an overweight rating and raise the price target to $625 per share. (Bianniushi)