Truist raised its price target on Meta to $1,000 from $763, matching Wells Fargo as the highest on Wall Street, citing early traction for its Muse AI agent, and kept a Buy rating. Meta shares have risen 21% since Muse launched, versus a 2% gain for the S&P 500, and Truist expects third-quarter revenue of $63.9 billion, up 25% year over year. BofA double-upgraded Salesforce to Buy from Underperform and lifted its target to $285 from $160, arguing AI should deepen enterprise dependence on such platforms, though small AI revenues and slower-than-expected adoption remain the main near-term risk. Barclays downgraded Dell, HPE and NetApp to Equal Weight from Overweight, saying valuations have run ahead of any meaningful enterprise AI inflection, and cut its Dell target to $574 from $603. Barclays strategist Emmanuel Cau says hot U.S. inflation data, Middle East tensions and a chip-stock selloff are testing the market's upside, though he attributes much of the weakness to positioning rather than fundamentals.
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Related tickers and likely impact
META
▲ Likely positiveMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/16/2026 | 709.34 |
| Change that session | -3.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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