Meta Platforms shares triggered a golden cross on October 6, when the 50-day moving average rose to $630.87, crossing above the 200-day moving average at $629.25. The stock closed at $738.88, up nearly 18% over the past month. The signal follows Meta’s launch of Muse, a personal AI agent, on September 8, which quickly became the most popular free app in Apple’s App Store. Wells Fargo raised its price target to $1,000 from $796. According to FactSet data, Meta’s golden crosses in August 2013 and June 2020 were followed by gains of roughly 85% and 42% respectively over the following year, while the June 2018 crossover saw the stock fall about 25% six months later, and the most recent one in June 2025 was down 15% over the subsequent year.
Source: Read the original article
