Meta shares are having their best month in 13 years, with the price at its highest level since October. Is it too late to buy?
Wells Fargo has just raised its price target
Meta's Muse AI app made it into the App Store's top downloads / Photo: Erlin Diah / Shutterstock.com
Shares of Meta, the company that owns Instagram and WhatsApp, soared nearly 13% during trading on September 21. The stock price hit its highest level since last October. Overall, the stock has posted its best monthly performance in 13 years in September following the launch of the new AI assistant, Muse, MarketWatch noted. The success prompted Wells Fargo to raise its price target for the company’s stock by a quarter.
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Meta's stock price peaked at $749.49 on Monday, up 12.6% from the previous closing price. This is the highest price since October 29, 2025.
The AI agent Muse, which the company launched on September 8, rose to the top spot among free apps in U.S. app stores for iOS (Apple) and Android (Google) on September 21, according to Bloomberg. In the six days following the agent’s release, it was downloaded more than 902,000 times, the agency notes.
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