Meta stock jumps 7%: Why Wells Fargo sees more upside ahead of Meta Connect

Meta Platforms shares rose as much as 7.6% during Monday’s trading session. As of 11:22 a.m. ET, the stock was still up about 7.1%. The jump came after bullish comments from Wall Street about Meta’s latest artificial intelligence product, Meta Muse.

Wells Fargo analyst Ken Gawrelski raised his price target for Meta to $796 from $640. The firm also kept its Overweight rating on the stock.