$META Eyes $663 Break, Targets $680–$700
$Meta Platforms, Inc.(META)$
META Edges Higher +1.29%: Consolidating Near Key Pivot, AI Momentum Intact
Latest Close Data
Closed at $658.79 on 2026-01-06, up +1.29% ($8.38). The stock is currently -17.3% below its 52-week high of $796.25.
Core Market Drivers
Despite a mixed broader tech environment, META continues to benefit from strong execution in its core ad business and sustained investor optimism around its AI and Metaverse infrastructure investments.
Positive net capital inflows over recent sessions suggest institutional accumulation at these levels.
Technical Analysis
Volume was healthy at 12.2M shares (Volume Ratio: 1.31), indicating active participation in the uptick.
The MACD (DIF: 2.67, DEA: 2.77, MACD: -0.20) remains in a bearish crossover but shows slowing negative momentum.
The RSI (6-period: 50.32, 12-period: 51.88) has rebounded from near-oversold levels, indicating a shift towards neutral/bullish momentum.
Key Price Levels
Immediate Pivot: ~$663.25 (Previous resistance). A close above could trigger a move towards $680.
Primary Support: $658.25 / $647.75 (today's low). A break below may test $635.
Strong Resistance: $680 (psychological & technical level), then $700.
Valuation Perspective
Forward P/E of 21.75 is below its historical average of 24.06 and the 1-Standard Deviation upper band of 26.69, suggesting the stock is not overextended relative to its own history.
P/S of 8.76 remains elevated but justified by high profitability (ROE: 32.64%).
Analyst Targets
Overwhelmingly bullish sentiment. 64 analysts have an average price target of $834.19 (+26.6% upside). Consensus recommendation is Strong Buy, with 19 Strong Buy, 40 Buy, and only 6 Hold ratings.
Weekly Outlook
Expect consolidation between $658 and $680 in the near term.
A decisive break above $663.25 with volume could propel the stock towards the $680-$700 resistance zone. Conversely, a drop below $647.75 support may lead to a retest of $635.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. Conduct your own research or consult a financial advisor before making any investment decisions.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
