Is $796 Next Stop As $META Ignites?

Trend_Radar
01-30

$Meta Platforms, Inc.(META)$

Meta Platforms, Inc.(META) Soared +10.40%: AI Momentum Fuels Breakout, Eyes on $796 High

Latest Close Data:

As of Jan. 29, 2026, META closed at $738.31, surging +10.40% (+$69.58) for the day. The stock is now just ~7.3% away from its 52-week high of $796.25.

Core Market Drivers:

The powerful rally is primarily fueled by overwhelmingly positive sentiment surrounding Meta's latest advancements in Artificial Intelligence and Reality Labs.

Strong quarterly earnings and optimistic forward guidance continue to attract institutional capital, overshadowing broader market volatility.

Technical Analysis:

  • The breakout is confirmed by strong volume (Volume Ratio: 3.01) and bullish momentum indicators.

  • The MACD histogram has surged to +18.96, indicating accelerating bullish momentum.

  • The 6-day RSI at 87.06 is in overbought territory, signaling strong buying pressure but also a potential near-term pullback risk.

Key Price Levels:

  • Primary Support: $712.55 (Today's low)

  • Strong Resistance: $796.25 (52-week high)

  • Immediate Pivot: $744.00 (Today's high, a break above opens the path to $796)

Valuation Perspective:

The stock trades at a Forward P/E of 22.40, which is below its 1-year historical average of 24.08 and within one standard deviation, suggesting room for multiple expansion if growth expectations are met.

Analyst Targets:

Institutional sentiment is strongly bullish. Among 66 analysts, 19 rate it Strong Buy, 42 Buy, and 5 Hold. The average 12-month price target is $848.78, implying ~15% upside from current levels.

Weekly Outlook:

Expect consolidation or a slight pullback in the $712-$744 range to digest the overbought RSI. A sustained close above $744 could trigger a rapid move towards the $796 resistance. A breakdown below $712 would signal a deeper correction. support.

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