Meta Platforms surges on AI momentum ahead of earnings

Meta Platforms stock climbed +2.29% to $662.46 today, fueled by reports of successful AI agent adoption in WhatsApp and strong performance in its Ray-Ban Meta wearables division.

• Wells Fargo lowered its price target on META to $754 (from $795) while maintaining an Overweight rating.
• The price target adjustment was attributed to expectations of higher 2026-2028 OpEx and CapEx related to new AI capacity contracts.
• The company is scheduled to report Q4 earnings on January 28, with analysts expecting $8.15 in EPS.