Meta Platforms (META) stock just keeps on winning.
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Shares of the social media company are on pace to extend their record win to 20 consecutive trading days, propelling the stock to an all-time high in the process. Shares of Meta Platforms are up 1.44% on Feb. 14, having risen for 20 days in a row. The current rally has crushed the previous longest rally in the shares that lasted 11 days back in September 2015.
META stock hasn’t had a down day since Jan. 16, which was the day President-elect Donald Trump was weighing an executive order to delay the U.S. ban on rival social media app TikTok. The rally began in the final days of the previous administration of U.S. President Joe Biden and is longer than any rally that’s occurred in another Magnificent Seven stock.
Defying Expectations
META stock has also continued to steadily rise despite several events and news that has shaken the broader market, including the emergence of Chinese artificial intelligence (AI) start-up DeepSeek, threats of trade tariffs, and hot inflation data. So far this year, Meta’s stock has gained 27%, trouncing the 3% gain in the benchmark S&P 500 index during the same period.
Analysts attribute META stock’s hot streak to the company’s aggressive AI strategy. Meta CEO Mark Zuckerberg has said the company will invest up to $65 billion in the technology this year, with a focus on AI infrastructure. At the same time, Meta reported fourth-quarter 2024 financial results that topped Wall Street expectations, giving the stock added momentum.
Is META Stock a Buy?
The stock of Meta Platforms has a consensus Strong Buy rating among 48 Wall Street analysts. That rating is based on 44 Buy, three Hold, and one Sell recommendations issued in the past three months. The average META price target of $764.61 implies 3.37% upside from current levels.
