Facebook’s parent company, Meta Platforms, stock is attracting heavy buying pressure on Tuesday. AG Asset Advisory LLC acquired a new stake in the company by purchasing stocks worth $50.97 million, the latest 13F filing with the SEC shows. The investment firm purchased 87,058 stocks, which make up 50.9% of the company’s entire portfolio.

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AG Asset Advisory LLC remains bullish on Meta Platforms stock, as a new price prediction indicates a significant price increase. Taking an entry position now could prove beneficial as the 1-year price prediction is bullish. In this article, we will highlight how high the tech giant could surge in the next 12 months.

Meta Platforms Stock Price Prediction

Meta Platforms’ stock opened Tuesday’s trading bell at the $627 mark. The tech giant came out of its slumber in May and is now 5% in profits in the year-to-date segment. It entered January trading at the $599 range and is now at the $627 level. Traders who took an entry position this year are mostly in profit as the price has slightly recovered in the charts.

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Leading price prediction firm TipRanks forecasts that Meta Platforms stock could reach a high of $918 in the next 12 months. That’s an uptick and return on investment (ROI) of approximately 45% from its current price of $627. Therefore, an investment of $10,000 could turn into $14,500 if the forecast turns out to be accurate. Accumulating the tech stock now and holding on for a year could make a massive difference.

“Based on 45 Wall Street analysts offering 12-month price targets for Meta Platforms in the last 3 months. The average price target is $696.12 with a high forecast of $918.00 and a low forecast of $525.00. The average price target represents an 11.01% change from the last price of $627.06,” read the price prediction.