Meta Stock Consolidates Above $700, Aiming for $1,000

Meta Platforms (NASDAQ: META) has been on a tear. After clawing its way back from 2022’s brutal selloff, the stock now sits comfortably above $700, building what looks like a launching pad for its next big move.

Meta Builds a Strong Base Above $700

According to the weekly chart shared by The Great Mattsby, Meta appears to be gearing up for another breakout—possibly all the way to $1,000—a target that lines up perfectly with long-term Fibonacci extensions.

The chart shows Meta consolidating tightly just above the $700 level, which used to act as major resistance. Now that the stock has pushed through, it’s forming a stable base that’s likely attracting institutional money. This kind of consolidation often happens right before a big move higher.

Meta is holding firmly above the 1.414 Fibonacci extension around $707. The next major target sits at the 1.618 extension near $955—which backs up the idea that $1,000 could be within reach over the coming months. If things pull back, support around $573 (the 1.272 level) could act as a safety net.

The chart’s structure tells a clear story: higher highs, higher lows, and sustained momentum since the 2022 bottom. The green arrow points to a potential breakout path, while the black arrow marks a pullback zone that could draw in new buyers. As long as Meta stays above $700, the setup looks primed for a run toward $950–$1,000.

Beyond the technicals, Meta’s fundamentals are firing on all cylinders:

• AI-Driven Growth: The company’s massive AI investments are paying off, with smarter ad targeting and better content distribution boosting both engagement and profits.
• Consistent Earnings Beats: Meta keeps crushing quarterly expectations and expanding margins.
• Investor Confidence: Even amid broader market volatility, the stock has held up well—a sign that institutions are staying committed to Meta’s AI-focused strategy.

When strong fundamentals meet clean technical patterns, it’s hard to ignore. Meta’s current consolidation isn’t just noise—it’s setting the stage for what could be a powerful next leg up.