The adjustment in price target by Wedbush reflects a change in valuation expectations for Meta Platforms, likely due to updated analysis or market conditions. While the Outperform rating indicates continued confidence in the company's performance, the lowered price target suggests a recalibration of future stock price expectations. This could lead to short-term investor reassessment of Meta's value proposition, but the maintained Outperform rating suggests underlying confidence in the company's fundamentals.