Although Wells Fargo raised its target price for Meta (META) to $625 per share from $593, Meta's share price still fell slightly on Monday morning. Wells Fargo said Meta's strong advertising performance in the second quarter was responsible for the rise in its share price. Analysts told investors in their latest research note that they also expect third-quarter revenue of $38 billion to $40.50 billion. Analysts believe Meta has strong momentum and will maintain its overweight rating, raising its price target to $625 per share.