The first three months of the year have not been kind to the US stock market. Although there have been a host of assets on the downturn, Tuesday saw some relief come to the Magnificent 7. Amid that, Meta Platforms (META) has gotten a new overweight rating, with the stock potentially eyeing a $700 target.

There are few tech companies that have the kind of potential that Meta does. Its social media networks grant it access to a slew of users, while it has placed immense focus on building its own tech and AI developments. Subsequently, it could be one of the most promising tech stocks to invest in over the medium term.

Also Read: Alphabet (GOOGL) or META: Which Stock Is a Better Buy in 2025?

META Gets New Rating as Stock Bounces Back Tuesday

At the start of the week, US President Donald Trump targeted Federal Reserve Chair Jerome Powell. He was seeking the chairman’s termination, with the stock market plummeting as a result. However, things turned around on Tuesday for some of the biggest companies in the world.

Chief among them is Meta Platforms (META), with the stock getting a new rating and all eyes on its $700 potential. Throughout the day, the stock rebounded more than 2.5%. Yet, that wasn’t enough to reverse its 19% drop over the last 30 days as it settles below the $500 mark.

Also Read: META Has $40B Revenue Potential; Stock to Lead Key Market?

Still, the stock has suffered from a less-than-optimistic price outlook. Specifically, Cantor Fitzgerald recently lowered its price target to $624 from its previous $790 projection. Moreover, they gave the stock an ‘overweight’ rating, with its Q1 earnings report looming next week.

The firm expects that data to be “mixed” with ongoing macroeconomic uncertainties and geopolitical concerns. With tariffs and a brewing trade war present, hopes for stellar earnings reports have lessened. However, the overwhelming sentiment for META is still bullish.

The company has a median price target of $725, up 46% from its current position. Moreover, its high-end projection sits at $900, showcasing its 81% upside potential. Alternatively, it has only 9% downside risk, according to CNN, with a low-end projection sitting at $448.