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Meta shares rise ahead of Q3 earnings on strong AI model launches and positive outlook

Company Fundamentals
13 Oct 2026
Seeking Alpha
View Source
Bullish
Meta shares rise ahead of Q3 earnings on strong AI model launches and positive outlook

Meta Platforms is set to release its Q3 earnings on October 21, with shares trading near their 52-week high and up over 12% year-to-date. The company recently launched two new AI models, Muse Wonder and Muse Wonder Full, which have generated strong interest and are expected to give Meta a competitive edge. The positive market response and promising AI developments contribute to a favorable outlook, leading analysts to recommend holding the stock ahead of the earnings report.

Meta Platforms shares trade close to their 52-week high of $777.59, currently priced at $762.96 on Pluang as of Oct 13, 2026 22:41 WIB, showing a 1-day gain of 2.69%. This puts the stock near its peak range for the year, contrasting with its 52-week low of $525.72. Despite a majority of Pluang users selling (65%), the stock’s market cap remains substantial at $1.89 trillion, reflecting sustained investor interest ahead of Meta's Q3 earnings release.

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