Tech Giant Hit With a Pair of Price-Target Hikes

The shares are up more than 125% in 2023

Deputy Editor
Jun 14, 2023 at 9:00 AM
facebook X logo linkedin

Following Apple's (AAPL) Vision Pro headset reveal, artificial intelligence (AI) frontrunner and Facebook parent Meta Platforms Inc (NASDAQ:META) saw its price target lifted to $310 from $270 at Piper Sandler, while Wolfe Research hiked its price target to $330 from $300. The company is looking to implement more generative AI into its products, with CEO Mark Zuckerberg announcing a wide variety of products in development at an all-hands meeting with employees last week.

The 12-month consensus target price of $276.43 is a slim 1.6% premium to last night's close, leaving plenty of room for more price-target hikes, while 33 of 38 covering brokerages rated META a "buy" or better.

Meta Platforms stock was last seen 0.4% higher before the bell, trading at $272.50. The shares have ripped up the charts over the last few months, guided higher recently by their 20-day moving average. Year-to-date, the stock is up 125.5%.  

Those wanting to speculate on  META stock's next move, options might be a good idea. The security's Schaeffer's Volatility Index (SVI) of 30% sits in the extremely low 1st percentile of its 12-month range, indicating that options players are pricing in low volatility expectations. Plus, META's Schaeffer's Volatility Scorecard (SVS) sits at 90, suggesting the stock has tended to exceed options traders' volatility expectations during the past year.  


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI