The Nasdaq-listed META stock opened Friday’s trading bell at $665 after dipping nearly 2.5% on Thursday. Tech stocks, especially those involved in semiconductor chip manufacturing experienced the biggest drop with some crashing more than 10% in the day’s trade. A doomsday price prediction claims that semiconductor giant Micron stock could fall to the $361 level in the worst-case scenario. That’s a massive cut, and if it turns out to be accurate, the broader market could see a bloodbath.
On the heels of the tech stock crash, Citizens JMP Managing Director Andrew Boone wrote in a note to clients that META stock is on the path to reach a high of $800. He maintained his buy rating on the equity and urged institutional clients to start accumulating the social media giant. The analyst predicted that META stock could rise double digits next and reward traders who took an entry position at the $660 to $640 level. This is also among the most bullish price predictions given by a Wall Street analyst this year.
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Timeline For META Stock To Reach $800
Citizens JMP’s Andrew Boone predicts that META stock could reach a high of $800 in the next 12 months. Therefore, the social media giant could touch the $800 level at the same time in July next year. That’s an uptick and return on investment (ROI) of approximately 20% from its current price of $665. Therefore, an investment of $1,000 could turn into $1,200 if the price prediction turns out to be accurate. That’s stellar gains, as not every asset can deliver 20% profits in the broader markets.
META is among the best-performing Magnificent 7 stocks in 2026, and has risen nearly 15% year-to-date. It had dipped to a low of $525 when the US and Iran war broke out, but managed to scale up as things cooled down. The Mark Zuckerberg-led company has remained on the front foot since then, with only a few minor blips. This is now among the most sought-after stocks, as META has mostly remained stable in the indices.