Can Meta Platforms set a new 52-week high in October?

Meta Platforms shares spiked more than 43% between August 18 and September 24 to hit a new 52-week high of $779. The stock has since pulled back to trade at about $725 just four weeks ahead of the company’s fiscal third-quarter 2026 results. 

This level of volatility is typical for Meta and, in general, most technology stocks. Like many tech stocks, Meta has benefited from the rapid rise of AI over the last three years, with its stock rallying more than 550% between January 2023 and August 2025, when it hit its current all-time high of $786.80.

It explains why Polymarket traders are more convinced that the stock price is more likely to fall below $700 than to hit $780. On Wednesday morning, Meta Platforms' stock price had a 77% chance of hitting $700 compared to 57% of hitting $780 by October 31.

But even more interesting is the volume committed to both situations, with the $700 price target having more than five times the volume of the $780 target.

Could both sets of traders be right?

At the moment, it looks like the $700 price target is on the money given Meta’s volatility patterns. 

However, there are also a series of events, recent and upcoming, that could easily propel the stock to new all-time highs by October 31.

Meta recently announced Muse, an autonomous personal and small business AI agent designed to take AI services beyond conversation prompts. According to Meta, the new agent is capable of executing multi-step real-world tasks, including filling out online forms, comparing options, and even making purchases, with user confirmation completed through pop-ups.

Every major AI player is releasing an advanced version of their product on a regular basis ot stay ahead of the curve, and Meta’s is Muse.

The company is also set to report its fiscal third quarter 2026 results on October 28, leaving the stock with two days to respond to the earnings before the end of the month.

A positive earnings report followed by relatively bullish guidance could help the stock set new 52-week highs.

So what are analysts forecasting? 

The company’s own top-line guidance of $61-$64 billion for the fiscal third quarter shows an improvement from Q2’s $60 billion and a huge increase from the $51 billion reported in Q3 2025.

Analysts also predict sequential EPS growth from $6.18 per share in Q2 to $6.77 in Q3. An earnings beat could spur the stock price further. Meta missed earnings estimates in Q2, but outperformed in each of the three preceding quarters.