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Barchart
Wajeeh Khan

Meta Stock Just Scored a New Street-High Price Target. Here's Why.

Truist Youssef Squali Meta Artificial Intelligence

Meta Platforms (META) stock is extending gains on Oct. 13 as senior Truist analyst Youssef Squali said its ongoing rally is in the early innings only. Squali maintained a “Buy” rating on META this morning and significantly raised his price objective to $1,000, indicating potential for over 30% upside from current levels.

Meta shares have already been in a sharp uptrend in recent months, currently trading roughly 40% above its price in mid-August.

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