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The substantial target increase supports a bullish view, although this remains an analyst opinion rather than a confirmed fundamental catalyst.
What happened, with direct paths to the underlying reporting
Wells Fargo raised its SPOT price target from $570 to $660. The new target is about 13% above the posted price of $583.66.
Target: $660
Posted price: $583.66
Analyst firm: Wells Fargo
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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.