Wells Fargo Raises Meta (META) Price Target to $837, Keeps Overweight Rating

Core Insights - Meta Platforms, Inc. is highlighted as a significant AI stock for investors, with Wells Fargo analyst Ken Gawrelski raising the price target from $811 to $837 while maintaining an Overweight rating [1] - The increase in estimates is attributed to strong advertising performance, supported by a stable economy and investments that enhance impression growth and conversion rates [1] - The company is expected to guide Q4 with over 20% growth, which is crucial to alleviate concerns regarding emerging competition for user engagement [2] Investment Perspective - While Meta is recognized for its investment potential, there are opinions suggesting that certain AI stocks may present greater upside potential and lower downside risk [3] - A recommendation is made for investors seeking undervalued AI stocks that could benefit from Trump-era tariffs and the onshoring trend [3]