Morgan Stanley Sets New $775 Target for META Stock

Meta stock continues to draw strong support from Wall Street. A total of 62 analysts currently recommend buying the stock, with 51 issuing a strong buy rating and only 5 suggesting a hold. No analysts have issued a sell recommendation for the company, highlighting the broad confidence in its current growth path.

Morgan Stanley recently updated its outlook for the stock, maintaining a buy rating with a new price target of $775. With the stock currently trading near $681, this target suggests an upside of about $94 per share. This represents a return of roughly 14 percent for investors if the prediction holds true.

Brian Nowak, the analyst leading the research team at Morgan Stanley, has a solid track record with his past projections. If the stock hits this $775 target, it will move back toward its 52 week high of $796. Traders are keeping a close watch on this price action as the stock attempts to reclaim its previous peaks.