Technical indicators suggest Meta Platforms (NASDAQ: META) stock could hit $770 in the coming weeks.
To reach this level, the stock would need to rally about 13% from its current price of around $680. This bullish outlook follows Meta’s impressive run in recent weeks, with shares gaining nearly 15% over the past month.
Meta’s path to $770
From a technical standpoint, analysis by TradingShot indicated that Meta has flashed its strongest short-term bullish signal in over two years—the four-hour golden cross. This occurs when the 50-period moving average crosses above the 200-period (MA), often signaling the start of a sustained upward trend.
In a June 4 TradingView post, the analyst noted that a similar pattern emerged in January 2023, shortly after the inflation-driven market bottom of late 2022. That signal preceded one of Meta’s most remarkable rallies, taking the stock from under $120 to over $300 in just over a year.
The current chart setup closely mirrors that historical move. In particular, the four-hour Relative Strength Index (RSI) patterns from 2022–2023 align closely with present conditions, strengthening the case for a similar trajectory. Based on this, TradingShot projects Meta could reach $770 by late July 2025.
Moreover, Meta’s rally could extend even further if favorable macroeconomic factors persist, such as potential interest rate cuts and progress on global trade agreements. TradingShot stated that the next major technical target would be the 1.786 Fibonacci extension level, which lies above $1,000 before any significant market correction occurs.
Banking giant updates META stock price
Adding to the optimism, JPMorgan revised its price target for Meta in a June 4 investor note, raising it from $675 to $735.
The bank’s analysts cited Meta’s dominant position in social graph ownership, advertiser targeting, and its strategic long-term investments in artificial intelligence AI and the Metaverse as key drivers behind the upward revision.
They also pointed to an ongoing infrastructure ramp-up expected to support sustained multi-year growth.
JPMorgan further emphasized Meta’s unique positioning, describing it as an “enduring blue-chip company” that benefits from a rare combination of scale, growth, and profitability.
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