# Meta stock climbs above $700 as September rally continues

Digest AI · Business & Funding · published 2026-09-21T06:50:00Z

Canonical: https://digestai.news/story/meta-stock-climbs-above-700-as-september-rally-continues

## Summary

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 it past $700 during regular trading.

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.

## 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.

## Why it matters

The rally shows investor confidence that Meta’s AI strategy, highlighted by the Muse agent and upcoming Meta Connect announcements, could revive growth, influencing tech valuations and market sentiment.

## Sources

1. [Meta stock reaches $700, highest since February 2026](https://cryptobriefing.com/meta-stock-reaches-700-february-high) (cryptobriefing.com, 2026-09-21)

Part of the developing story: [Meta Shares Surge Toward Historic Highs](https://digestai.news/thread/meta-stock-could-reach-900-by-2027-analyst) (2 stories)

## Cite

Digest AI, "Meta stock climbs above $700 as September rally continues", 21 September 2026, https://digestai.news/story/meta-stock-climbs-above-700-as-september-rally-continues

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