This article first appeared on GuruFocus.

Oct 7 – Meta Platforms (NASDAQ:META) saw its stock rise about 1% to near $716 on Monday as buyers stepped in around key technical support. The move helped the stock steady after recent weakness and kept its longer-term uptrend intact, even with new European legal headwinds.

• Warning! GuruFocus has detected 3 Warning Sign with META.

• Is META fairly valued? Test your thesis with our free DCF calculator.

Traders point to the $716$720 area, near the 100-day moving average, as immediate support; resistance sits around $748 and $775.

Momentum indicators sit in the mid-40s on the RSI, a neutral-to-improving reading that can support a recovery without signaling exhaustion.

On the regulatory front, a Dutch court recently ruled that Meta must offer Facebook and Instagram users non-personalized timelines, criticizing algorithmic feeds as manipulative.

Meta also plans to appeal, warning that fragmented EU rulings could complicate operations. Investors are now watching for any signs of impact on engagement or ad revenue in upcoming updates.

Based on the one year price targets offered by 63 analysts, the average target price for Meta Platforms is $853.05 with a high estimate of $1086.00 and a low estimate of $605.00. The average target implies a upside of +19.20% from the current price of $715.66.

Based on GuruFocus estimates, the estimated GF Value for Meta Platforms Inc in one year is $723.51, suggesting an upside of +1.10% from the current price of $715.66. Gf value is Gurufocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance. For deeper insights, visit the forecast page.