Meta stock price touched $513

Meta stock price touched $513.85 before retreating to $509 in late trading. The decline is attributed to profit-taking, but weekly technical charts show the 20-day moving average acting as solid support. As if that 12-digit figure wasn't enough, the company's outstanding, high-margin performance just keeps attracting investors. These folks have pumped up its market cap sharply of late, to the point where Meta's value stands at nearly $2 trillion. No other peer in its industry even comes close. In addition to the CoreWeave deal, Meta Platforms continues to receive favorable attention from analysts. Bank of America Securities recently reiterated a buy rating for Meta, setting a price target of $900, indicating confidence in the company’s growth prospects. The stock is currently trading near its 52-week high, reflecting investor optimism. As Meta continues to innovate and expand its AI and encrypted messaging services, it remains a key player to watch in the tech industry. Trading volume was moderate, suggesting cautious sentiment ahead of next week’s GDP data. Analysts expect short-term consolidation between $500–$520 as investors digest tech sector earnings.