Meta (META) closed up 3.38% at $742.96 on 12 October after launching Muse Wonder, even as the Nasdaq fell. Since the 30 June close the stock has risen 31.9%, mainly on a higher valuation: its NTM P/E rose from 17.16x to 23.10x, while NTM normalized EPS slipped from $32.82 to $32.17. Third-party data showed Muse downloads fell 8.1% week over week, and Hunterbrook Capital disclosed a short position. Analysts expect third-quarter revenue of about $63.4 billion, but EBIT is seen falling about 7%, while Family of Apps other revenue reached $1 billion in the second quarter, up 73%. Meta also faces legal risk, as New Mexico is seeking $35 billion to $40 billion in penalties.
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Related tickers and likely impact
META
▲ Likely positiveMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.8T |
| Close on 10/12/2026 | 742.96 |
| Change that session | +3.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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