Wall Street Analyst Sets $800 Target for META Stock

META stock took a bit of a hit recently, dipping around 2.5% as tech stocks and chip makers faced a rough patch. Despite the brief slide, some experts believe this is actually a prime buying opportunity. After opening at $665 on Friday, the stock is showing resilience even while other big names in the sector struggle with volatility.

Andrew Boone from Citizens JMP is one of the biggest bulls on the stock right now. He recently told clients that he expects META to climb to $800 over the next 12 months. This would mean a 20% gain from current levels, which is a significant move for a company of this size. He suggests that investors who buy in the $640 to $660 range could be in a good spot for double digit returns.

It has been a strong year for Mark Zuckerberg’s company so far. The stock is already up about 15% since the start of the year, even after weathering some geopolitical tension earlier. While some fear a broader market selloff could drag tech down, META has managed to stay stable and remains a favorite among big institutional players.

Looking ahead, the $800 target by next summer is what many traders will be watching. If the prediction holds true, a small investment today could see a healthy return. For now, the market is keeping a close eye on whether the tech sector can shake off its recent wobbles and start its next leg up.