Meta (META) shares were down slightly Monday morning despite Wells Fargo raising its price target on the stock from $593 per share to $625.

Odaily Planet Daily News: Meta (META) shares fell slightly on Monday morning, despite Wells Fargo raising its price target from $593 per share to $625.
Wells Fargo said Meta's strong advertising performance in the second quarter was the reason for its stock price rise. Analysts told investors in their latest research report that they also expect third-quarter revenue to reach $38 billion to $40.5 billion. Analysts believe that Meta has strong development momentum and will maintain an overweight rating and raise the target price to $625 per share. (Bianniushi)

Wells Fargo raises Meta price target to $625