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Meta stock jumps 3.38% on new AI model launch, with Wall Street raising price targets.

Analyst Insights
13 Oct 2026
Finbold
View Source
Bullish
Meta stock jumps 3.38% on new AI model launch, with Wall Street raising price targets.

Meta Platforms' stock rose 3.38% following the launch of its new AI model, Muse Wonder, sparking positive investor sentiment and multiple Wall Street price target upgrades. Analysts from Bank of America, Wells Fargo, and Evercore ISI raised their price forecasts, with Wells Fargo predicting a 34.6% increase to $1,000 within 12 months. Despite a minor dip in pre-market trading, Meta remains a strong buy with an average 12-month price target of $805.76, reflecting optimism about its AI-driven growth potential.

Meta Platforms shares are trading at USD 738.60 on Pluang, down 0.59% for the day as of Oct 13, 2026 16:31 WIB. The stock's 52-week range is between USD 525.72 and USD 777.59, with a market cap of $1.83 trillion and a typical hold time of 128 days on the platform.

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