Meta Platforms shares traded in a volatile range during the week of November 9, 2026, opening near $610 and reaching an intraday high above $647 amid AI product announcements and positive analyst commentary before closing the period around $624. Third-quarter results delivered 26% revenue growth to $64.6 billion, driven by advertising, yet a $9.89 billion legal settlement related to teen safety litigation compressed margins and turned free cash flow negative, highlighting elevated AI infrastructure spending. JPMorgan’s addition of Meta to its focus list with a $940 target, alongside launches such as the Muse Ember model, provided short-term support, while ongoing capex guidance of $135–145 billion for the year and upcoming regulatory milestones continue to influence trader positioning ahead of the January 2027 earnings release.