By Erica Kollmann ,
49 minutes ago Shutterstock Meta Platforms Inc. (NASDAQ: META ) shares surged over 12% Monday, adding more than $200 billion in market value in a single session, according to Benzinga Pro market data.
The company tacked on roughly $207.5 billion in market capitalization intraday, climbing from about $1.695 trillion at the prior close to about $1.902 trillion.
Wells Fargo’s Meta Price Target Boost In a Monday note, Wells Fargo raised its price target for Meta to $796 from $640, maintaining an Overweight rating. The adjustment comes as excitement builds around the upcoming Meta Connect event, where founder and CEO Mark Zuckerberg is expected to outline the company’s broader product vision. The event will feature a keynote on Wednesday, Sept. 23, followed by a developer-focused session on Thursday, Sept. 24. Meta recently introduced Muse , a personal AI agent designed to assist users with tasks and goals. Read Also: Buy These 4 Cybersecurity Stocks, Skip These 2: Josh Brown Names Names
Rosenblatt’s Bullish Outlook on Meta Rosenblatt Securities maintained its Buy rating on Meta, setting a price target of $886 in a recent note. The firm highlighted Meta’s upcoming pr...