Meta Platforms shares have traded near $726 recently after rallying over 25% in September on early traction from the Muse AI agent app and new hardware announcements at the Meta Connect conference, including advanced Ray-Ban smart glasses. Strong advertising revenue growth of 27% year-over-year in the second quarter supported results, yet elevated capital expenditures of $130–145 billion for 2026 AI infrastructure have compressed free cash flow and weighed on operating margins. Analysts maintain a strong-buy consensus with average price targets near $795, reflecting optimism around AI monetization potential, while a pending New Mexico privacy ruling and upcoming third-quarter earnings release around October 28 remain key near-term variables for price levels in the month.