Meta Platforms shares closed at $742.96 on October 12, 2026, up 3.38% after the launch of its Muse Wonder frontier AI models, which posted leading early retention rates exceeding 73% on day one. Traders are weighing this momentum against elevated 2026 capital expenditure guidance of $130-145 billion to scale AI infrastructure, alongside a consensus analyst price target near $800 with recent upgrades including Wells Fargo’s $1,000 objective. The stock trades below its September 52-week high of roughly $780 amid broader sector rotation, with Q3 2026 earnings due after the close on October 21 serving as the next key catalyst for implied probability shifts in short-term price markets.