Wells Fargo Raises META Price Target to $796 as Shares Surge Over 11%

By TrendSpider Editor

Wells Fargo analyst Ken Gawrelski confirmed a "buy" rating on Meta Platforms, Inc. on Monday and raised his price target to $796 from $640, a jump of $156, as shares climbed 11.37% to $740.84. The new price target sits just above the current price, implying modest additional upside from current leve

Wells Fargo Raises META Price Target to $796 as Shares Surge Over 11%

Wells Fargo analyst Ken Gawrelski confirmed a "buy" rating on Meta Platforms, Inc. on Monday and raised his price target to $796 from $640, a jump of $156, as shares climbed 11.37% to $740.84. The new price target sits just above the current price, implying modest additional upside from current levels. META is trading near the upper end of its 52-week range of $520.26 to $790.80, reflecting a dramatic recovery from its annual lows.

Key Drivers of the META Stock Move

• Main Catalyst: Wells Fargo analyst Ken Gawrelski reaffirmed a "buy" rating on META and lifted his price target to $796 from a prior target of $640, representing a $156 increase, signaling materially higher conviction in the stock's valuation.
• Bull Case: The revised price target of $796 represents a significant upward revision from $640, and with shares currently at $740.84, the call validates the 11.37% single-session gain and suggests the analyst sees continued room to run toward the target.
• Bear Case: The new $796 price target sits only marginally above the current price of $740.84, meaning much of the anticipated upside flagged by the analyst may already be priced in following today's sharp move. META is also trading close to its 52-week high of $790.80, leaving limited technical headroom before the stock encounters major resistance.

The Wells Fargo confirmation arrives as META trades within striking distance of its 52-week high, and the timing of such a meaningful price target revision suggests the analyst community is growing more constructive on the company's near-term outlook. A single-day move of over 11% on the back of a rating confirmation, rather than a fresh upgrade, points to broader market momentum behind the name. With the stock trading at $740.84 and the 52-week low sitting at $520.26, META has already recaptured a substantial portion of ground and is now pressing against the top of its annual range. Whether the stock can break through and sustain levels above $790.80 will be a critical technical test in the sessions ahead.

META Analyst Ratings and Price Targets

Wells Fargo, represented by analyst Ken Gawrelski, confirmed a "buy" rating on Meta Platforms on September 21, 2026, while raising the price target to $796 from a prior target of $640. The average price target across analyst coverage currently stands at $796, aligning with the Wells Fargo call and suggesting this revision is in step with where consensus expectations are anchored.

META Seasonality

Late September has historically been a mixed period for large-cap technology stocks, as the market navigates end-of-quarter positioning and potential portfolio rebalancing. A strong analyst reaffirmation heading into the final week of Q3 2026 could help support META's momentum if institutional buyers look to add exposure before quarter-end.

META Relative Performance

META's 11.37% gain on Monday stands out as a significant outperformance relative to the broader market and most large-cap technology peers, which rarely see double-digit single-session moves without a major binary event such as an earnings release or acquisition announcement. Trading at $740.84 and pressing toward a 52-week high of $790.80, META is demonstrating clear relative strength within its sector heading into the final stretch of the third quarter of 2026.