Meta Stock Price on December 6, 2025: Metaverse Cuts, AI Deals and Analyst Targets Shape the META Outlook

Updated: December 6, 2025

Meta Platforms (NASDAQ: META) continues to sit at the center of the AI and Big Tech narrative — and its share price is reflecting that tension between massive opportunity and massive spending.

As of the latest available data on December 6, 2025, Meta stock is trading around $673 per share, after closing Friday, December 5, at $673.42, up about 1.8% on the day. That price implies a market capitalization of roughly $1.8 trillion and a trailing price-to-earnings ratio just above 31. ^[1]

Over the past two weeks, META has climbed roughly 14%, logging gains in seven of the last ten trading sessions, even as trading volume has eased. Technical researchers at StockInvest note that the move comes within a broader short‑term falling trend, with the stock still well below its August all‑time closing high near $790. Year to date, Meta shares are up on the order of 40%, substantially ahead of major U.S. equity indices. ^[2]

Key takeaways for Meta stock (META) today

Price & performance: META trades around $670–$675, up ~1.8% on Friday’s close and roughly 40% year to date, but still about 15–20% below its 2025 peak. ^[3]
Metaverse reset: Meta is preparing up to 30% cuts to its Reality Labs (metaverse) budget after racking up an estimated $70–80 billion in cumulative losses, pivoting spending toward AI and core apps. ^[4]
New AI & hardware moves: The company is acquiring AI‑wearables startup Limitless and delaying its “Phoenix” mixed‑reality glasses to 2027, signaling a more selective hardware roadmap. ^[5]
AI content deals: Fresh AI licensing agreements with CNN, Fox News, USA TODAY, Le Monde and others aim to make Meta AI a real‑time news hub, deepening engagement across its platforms. ^[6]
Wall Street view: Across major trackers, the average 12‑month Meta stock price target clusters around $820–$830, implying ~20–25% upside from current levels, with a consensus rating between “Buy” and “Strong Buy” — but with wide dispersion between bullish and cautious forecasts. ^[7]

Meta stock price today: where META stands

On December 6, 2025, Meta Platforms’ share price sits near $673, following a session where the stock traded in a roughly $662–$675 intraday range and closed at $673.42, up 1.8% from the previous day’s close of $661.53. Daily trading volume has been around 21 million shares, broadly in line with recent averages. ^[8]

At this level, Meta’s:

Market cap is about $1.8 trillion
Trailing P/E is in the low 30s
Dividend yield is roughly 0.3%, reflecting a small but growing dividend on what is still primarily a growth stock. ^[9]

From a longer‑term perspective, Meta’s stock:

Hit an all‑time closing high of about $789 on August 12, 2025
Has a 52‑week range of roughly $480–$796
Is up around 40% year to date, despite a sharp post‑earnings sell‑off in autumn tied to concerns over AI capital expenditures. ^[10]

In other words, the Meta stock price today reflects a company that has already staged a massive recovery from its 2022 lows, yet is still trading at a discount to its 2025 highs while investors reassess the balance between growth, spending and risk. ^[11]

Why Meta stock is moving: Reality Labs cuts and an AI‑first pivot

The dominant story around Meta’s share price this week is the dramatic rethink of its metaverse ambitions.

Multiple reports from Bloomberg, Business Insider, Barchart and others indicate that Meta is preparing to cut the 2026 budget for Reality Labs — the unit behind Quest headsets, Horizon Worlds and AR/VR projects — by as much as 30%, and may also trim headcount in that division. ^[12]

Reality Labs has:

Delivered Q3 2025 revenue of about $470 million, up ~74% year over year
But generated cumulative operating losses estimated between $70 and $80 billion since 2019/2020. ^[13]

That scale of red ink has turned the metaverse into a lightning rod for investors. Barchart notes that Reality Labs has racked up around $73 billion in cumulative losses, while still dragging heavily on group profitability. ^[14]

Market reaction: a relief rally

Markets have welcomed the prospect of metaverse belt‑tightening:

Business Insider estimates Meta stock gained up to 4%, adding roughly $69 billion in market value as news of potential 30% cuts in Reality Labs spending circulated. ^[15]
Investors Business Daily and other outlets report that the stock is up about 5% over two trading days on the metaverse headlines, with analysts framing the move as a shift toward “disciplined” AI‑driven growth. ^[16]

Bank of America analysts, cited by Proactive Investors, estimate that the potential Reality Labs budget reduction could add roughly 6–7% to Meta’s 2026 earnings per share, as expensive VR bets give way to higher‑return AI and ad initiatives. They maintain a Buy rating and an $810 price target on the stock. ^[17]

In short, the Meta stock price today is being pulled higher by relief that management appears ready to pull back from its most capital‑intensive metaverse projects and redeploy resources toward AI, where investors see clearer near‑term payoff.

New AI wearables and a delayed headset: Meta’s hardware roadmap in flux

At the same time as it reins in broad metaverse spending, Meta is doubling down on more targeted, AI‑centric hardware bets.

Limitless: a bet on AI wearables

On December 5, Meta confirmed its acquisition of AI‑wearables startup Limitless, best known for a pendant‑style device that clips onto clothing and records, transcribes and summarizes real‑world conversations via an AI assistant. ^[18]

Key points from the Limitless deal:

The startup (formerly known as Rewind) builds a memory‑augmentation pendant that pairs with a companion app.
The tech fits squarely into Meta’s vision of personal AI assistants embedded in everyday devices, alongside its Ray‑Ban smart glasses and future AR hardware. ^[19]
Financial terms weren’t disclosed, but the move comes on the heels of Meta recruiting former Apple design talent and signals a more serious push into AI hardware ecosystems.

For investors watching the Meta stock price, Limitless underscores that Meta is not abandoning hardware, but rather concentrating on AI‑powered form factors that could integrate tightly with Meta AI and its social apps.

Phoenix mixed‑reality glasses delayed to 2027

In contrast to the swift move on Limitless, Meta is taking more time with its next major headset.

According to Reuters and Business Insider, Meta has delayed the launch of its “Phoenix” mixed‑reality glasses from the second half of 2026 to 2027, based on internal memos emphasizing the need to “get the details right” before release. ^[20]

The Phoenix device:

Reportedly weighs around 100 grams and uses a separate “puck” for power and processing, similar in concept to Apple’s Vision Pro tethered battery pack. ^[21]
Is expected to be less powerful and lower‑resolution than premium headsets, focusing on comfort and price rather than bleeding‑edge specs. ^[22]

The delay, combined with Reality Labs budget cuts, signals a slower, more selective metaverse roadmap: Meta is still in the AR/VR race, but no longer at any cost.

AI content deals: turning Meta AI into a real‑time news hub

Beyond hardware, Meta is working to make Meta AI, its chatbot and assistant, a central gateway to information inside its apps — something that could reinforce engagement and, eventually, ad monetization.

On December 5, Meta announced a series of commercial AI data agreements with news publishers, including:

CNN
Fox News and Fox Sports
Le Monde Group
USA TODAY and the USA TODAY Network
Media brands from People Inc., The Daily Caller, The Washington Examiner, and others. ^[23]

Under these deals, Meta AI can surface real‑time global and entertainment news, with links back to publisher sites. Meta describes this as a first step in expanding content partnerships to “help people discover timely and relevant content” directly through its AI assistant. ^[24]

For the Meta stock price, the AI news deals matter because they:

Deepen the moat around Meta’s apps by making its AI assistant more useful
Potentially create new revenue‑sharing or licensing economics
Increase operating costs in the near term via content payments — another factor investors must weigh alongside data center and chip spending.

Under the hood: Q3 2025 earnings still hinge on advertising

The current debate about the Meta share price sits atop strong underlying fundamentals, especially in advertising — and very heavy, AI‑linked investment.

In its Q3 2025 results, Meta reported: ^[25]

Revenue of $51.24 billion, up 26% year over year (25% in constant currency)
Family daily active people (DAP) of 3.54 billion, up 8%
Ad impressions up 14%, with the average price per ad rising 10%, showing pricing power across Facebook, Instagram, Messenger and WhatsApp

By segment:

Family of Apps generated about $50.8 billion in revenue and $25.0 billion in operating income in Q3.
Reality Labs generated $470 million in revenue (around 74% growth) but posted an operating loss of roughly $4.4 billion for the quarter. ^[26]

Overall, Meta’s operating income climbed to $20.5 billion, up from $17.4 billion a year earlier. However, a one‑time non‑cash tax charge of about $15.9 billion tied to new U.S. minimum tax rules dragged GAAP net income down to $2.7 billion, or $1.05 per share. Management indicated that, excluding this tax adjustment, net income would have been around $18.6 billion, or $7.25 per share. ^[27]

Research from Morningstar characterizes Meta stock as roughly fairly valued after Q3, arguing that robust ad revenue momentum is being balanced by an “avalanche” of AI‑related capital spending expected in 2026. ^[28] Commentary on Axios and Seeking Alpha similarly highlights how Meta’s decision to raise its capital expenditure forecast — largely to fund AI data centers and infrastructure — triggered a double‑digit share‑price drop earlier in the autumn, even though the underlying business was strong. ^[29]

In short: the Meta stock price today reflects a tug‑of‑war between a highly profitable ad engine and unprecedented AI investment.

Wall Street’s Meta stock forecast: upside, but with a wide range

Analysts remain broadly positive on META, but their price targets span a wide range, reflecting uncertainty over AI spending, regulation and metaverse strategy.

Across major platforms:

MarketBeat reports an average 12‑month price target of $819.43, with a high of $1,117 and low of $605, implying about 21.7% upside from the current price near $673. ^[30]
StockAnalysis finds a similar average target of $820.91 from 43 covering analysts, with a “Strong Buy” consensus and targets ranging from $645 to $1,117. ^[31]
TipRanks pegs the average target slightly higher at $832.06, with a 25.8% implied upside, based on 43 Wall Street analysts: 36 Buy, 6 Hold and 1 Sell, for an overall “Strong Buy” rating. ^[32]
Benzinga’s compilation of 39 analyst ratings shows a consensus price target of $826, with Rosenblatt setting the top target at $1,117 on December 5 and UBS anchoring the low at $683. The average of the three most recent targets (Rosenblatt, Cantor Fitzgerald and Freedom Capital Markets) is about $879, implying roughly 31% upside from current levels. ^[33]
A recent 24/7 Wall St. survey of 67 analysts highlights a median target around $839, with the same $1,117 / $685 high‑low range and an overall recommendation to buy. ^[34]

Taken together, the consensus Meta stock forecast can be summarized as:

Base case: META trades into the low‑ to mid‑$800s over the next 12 months if AI investments translate into sustained earnings growth and the ad business remains resilient.
Bull case: If AI and cost discipline significantly outperform expectations, some analysts see room for the stock to approach or exceed $1,100.
Bear case: If AI spending fails to pay off or ad growth slows sharply, skeptics see fair value in the mid‑$600s, only slightly above current levels.

Investors should treat all of these forecasts as inherently uncertain scenarios, not guarantees.

Short‑term technical outlook and upcoming dividend

From a pure chart and signals perspective, the short‑term picture for the Meta stock price is more nuanced than the bullish analyst consensus might suggest.

Technical analysis service StockInvest notes that: ^[35]

META has risen in 7 of the last 10 trading days and is up 14.3% over the past two weeks.
The stock currently trades near the upper band of a wide, short‑term falling trend, which often represents a potential profit‑taking zone for short‑term traders.
Their model projects that, if the current trend persists, the share price could fall about 20% over the next three months, with a 90% probability range between roughly $447 and $541 at the end of that period.
A decisive break above about $680 would be an early sign of a trend shift in their framework, whereas support from accumulated volume sits near $666, with major resistance around $715–$720.
Daily volatility has averaged around 1.7–1.9%, and they currently classify the stock as a “Hold/Accumulate” rather than an outright buy.

On the income side, META is still a modest payer but now part of the dividend‑payer club:

The next quarterly dividend of $0.525 per share has an ex‑dividend date of December 15, 2025, and a payment date of December 23, 2025.
At current prices, that equates to a forward dividend yield around 0.3% — small, but symbolically significant for a company once focused exclusively on reinvestment. ^[36]

Regulatory overhangs: FTC win reduces one big risk

Regulation remains a critical factor in any Meta stock analysis. However, one of the biggest clouds over the company has recently cleared.

On November 23, MarketBeat reported that Meta won a major Federal Trade Commission (FTC) antitrust case that had threatened to force the company to divest Instagram and potentially WhatsApp. A U.S. judge ruled against the FTC, allowing Meta to retain both platforms. ^[37]

The stakes were enormous:

MarketBeat cites eMarketer estimates indicating that Instagram now drives more than half of Meta’s U.S. ad revenue, up from about 7% a decade ago, with that share projected to rise further. ^[38]
WhatsApp is believed to generate only a small fraction of its eventual monetization potential, with some analysts sizing its total addressable market at $30–40 billion annually. ^[39]

Keeping Instagram and WhatsApp intact removes a near‑existential scenario for the company’s ad machine. That said, global regulatory and antitrust scrutiny is unlikely to disappear, especially around AI, data usage and content moderation — and that remains an ongoing risk factor for the Meta stock price.

Key risks and catalysts for the Meta stock price

Looking ahead, several themes will likely drive the Meta share price over the coming quarters.

1. AI spending vs. returns

Meta is committing tens of billions of dollars to AI data centers, custom chips and cloud infrastructure, including reported talks to spend billions on Google’s AI chips, according to Reuters. ^[40]

If AI products such as Meta AI, AI‑enhanced ads, creator tools and AI‑powered wearables generate strong incremental revenue and profit, the current spending surge could look like a smart, necessary investment. If not, concerns about an “AI bubble” and capital misallocation could re‑surface, pressuring the stock.

2. Metaverse strategy and Reality Labs execution

Cutting Reality Labs spending by up to 30% may please investors now, but:

It risks ceding ground in AR/VR to competitors.
Continued large operating losses — even after cuts — could still weigh on valuation. ^[41]

Investors will be watching whether Meta can deliver compelling hardware (Phoenix, Quest, Ray‑Ban, Limitless) and software experiences without repeating past overspending.

3. Advertising cycle and competition

Despite diversification efforts, Meta is still heavily exposed to the global advertising cycle and competition from platforms like TikTok, YouTube and emerging short‑form video and social formats. The Q3 numbers showed impressive ad growth, but macro slowdowns or shifts in user behavior could eventually test that resilience. ^[42]

4. Regulation, content licensing and AI governance

New AI content deals help Meta AI, but they also raise questions about:

Long‑term licensing costs
Competition and fairness in AI content sourcing
Regulatory responses to AI models trained or powered by news publishers’ content

These issues will evolve over years rather than weeks, but they form part of the backdrop for any long‑term Meta stock forecast. ^[43]

Bottom line: what the latest news means for META

As of December 6, 2025, the Meta stock price reflects a company that is:

Profitable and growing fast, driven by a still‑dominant ads business across Facebook, Instagram and WhatsApp
Aggressively pivoting toward AI, both in software (Meta AI, ad tools) and hardware (Limitless, future wearables)
Stepping back from the most cash‑hungry parts of the metaverse, with potential 30% cuts to Reality Labs budgets
Favored by Wall Street, with average 12‑month targets about 20–25% above today’s price but with a wide spread between bull and bear scenarios

Short‑term technicals suggest the stock may be overextended within a falling trend channel, with some models warning of a possible pullback even as fundamentals and analyst sentiment stay positive. ^[44]

For investors and traders tracking META, the story now is less about “metaverse vs. no metaverse” and more about how efficiently Meta can turn colossal AI spending into durable earnings growth — while navigating regulation, competition and the occasional headset delay.