Meta stock climbs above $700 as September rally continues
Meta Platforms’ shares moved above $700 on September 21, the highest level since early February 2026 when the stock closed at $706.41. The rise represents a gain of more than 20% month‑to‑date, erasing a summer dip that saw the price fall into the $520 range. On September 18 the stock closed at $665.75, down 2.43% for the day, before pre‑market activity lifted it toward $680 and momentum carried…
Key points
- Meta stock rose above $700, its highest since early February 2026, a >20% month‑to‑date gain.
- Wells Fargo lifted its price target to $796, with analysts averaging $755‑$788, implying the stock trades 8‑12% below target.
- Meta’s Muse AI agent is seeing real user engagement as the company prepares AI‑focused announcements at Meta Connect on Sep 23.
Analyst sentiment is bullish. Wells Fargo raised its price target from $640 to $796 and kept an Overweight rating. The broader consensus clusters price targets between $755 and $788, suggesting the current price is roughly 8%‑12% below where analysts think it should trade. Meta’s market capitalization is now about $1.70 trillion. The rally comes ahead of Meta Connect on September 23, an event expected to showcase new AI features and possibly hardware, with the Muse AI agent already seeing real user engagement as part of Meta’s AI‑first strategy.
The story so far
2 episodes →- Meta stock climbs above $700 as September rally continuesthis story
Meta stock reaches $700, highest since February 2026
cryptobriefing.com · 21 September 2026
Meta Platforms logo (public domain) via Wikimedia Commons
Meta Platforms has clawed its way back above $700 per share, a level the stock hasn’t touched since early February when it closed at $706.41. The milestone caps a furious September rally that has erased months of pain for shareholders who watched the stock sink into the $520 range over the summer.
The rebound, which amounts to a gain of more than 20% month-to-date, lands just days before Meta Connect on September 23, the company’s marquee hardware and software event where new AI features are expected to take center stage.
What’s driving the move
Wells Fargo provided the loudest endorsement, hiking its price target from $640 all the way to $796 while maintaining an Overweight rating. The broader analyst consensus is similarly bullish, with price targets clustering in the $755 to $788 range. That puts the current share price roughly 8% to 12% below where the Street thinks it should trade.
On the product side, Meta’s Muse AI agent has been gaining real user engagement.
The road from $520 to $700
Meta’s 52-week range stretches from a low of $520.26 to a high of $790.80. As recently as September 18, Meta closed at $665.75, down 2.43% on the day. The push above $700 followed shortly after, with pre-market activity on September 21 showing the stock gravitating toward $680 before the session’s momentum carried it higher.
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The company’s market capitalization now sits around $1.70 trillion.
Meta Connect and the AI catalyst
Meta Connect, scheduled for September 23, has historically served as a catalyst for the stock. This year’s event is expected to showcase new AI features, usage metrics for existing products, and potentially new hardware announcements.
Mark Zuckerberg’s company has been methodically repositioning itself as an AI-first platform. The Muse AI agent represents one visible manifestation of that strategy, but the broader play involves embedding AI across Instagram, WhatsApp, Facebook, and the company’s growing suite of enterprise tools.
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