After one of its strongest monthly runs in more than a decade, Meta Platforms (NASDAQ: META) may still have room to climb, according to a technical analysis that projects the stock could reach $1,000 by November 2027.
The forecast comes as investors increasingly bet that Meta’s artificial intelligence push, led by its Muse personal AI agent, can unlock a new phase of growth for the social media giant.
The optimism has fueled a sharp September rally, with Meta shares posting their best monthly performance since 2013. At press time, META was trading at $751, up 30% over the past month.
Meta technical outlook
According to an analysis by TradingShot published on TradingView on September 24, Meta has traded within a long-term ascending channel since its IPO and is now approaching its August 2025 all-time high.
The analyst noted that as long as the broader uptrend remains intact and markets continue pushing higher, the stock can keep advancing within its established channel-up structure.
Based on the outlook, TradingShot identified the 1.618 Fibonacci extension as the next major upside target. That level sits near $1,000, with the projected path on the chart indicating the milestone could be reached around November 2027.
While the long-term outlook remains bullish, TradingShot warned that Meta could first correct toward its 200-week moving average (MA) near $550.
The analyst pointed to a monthly RSI pattern similar to the 2018 correction, when the stock fell to the same support level before rebounding to fresh record highs. A retreat toward the 0.5 Fibonacci level would mirror that move, though the long-term target remains the 1.618 Fibonacci extension at $1,000.
META stock fundamentals
The technical target comes as Meta’s artificial intelligence strategy gains support from both investors and Wall Street.
The company launched its Muse personal AI agent in early September, with the platform quickly gaining traction among consumers. Investor enthusiasm accelerated after Meta Connect 2026 on September 23, where the company unveiled new Muse features, AI glasses integration, expanded shopping partnerships, developer tools, and upgraded AI models.
The positive reception marks a sharp shift from earlier in the year, when concerns over Meta’s heavy AI spending and pressure on free cash flow weighed on sentiment.
Meta’s improving AI narrative is also backed by strong business performance.
For the second quarter ended June 30, 2026, the company reported revenue of $60.8 billion, up 28% year-over-year, while its Family of Apps ecosystem reached approximately 3.6 billion daily active users. Meta also ended the quarter with roughly $90 billion in cash and marketable securities.
Meanwhile, the company continues investing aggressively in AI infrastructure, maintaining full-year capital expenditure guidance of $130 billion to $145 billion.
While the spending has pressured margins and free cash flow, management expects AI investments to support advertising growth and create new monetization opportunities.
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