Here’s how much traders can expect the stock to move after earnings this week

Meta is set to report its third-quarter results after the closing bell on Wednesday, with traders betting on a big move in the social media giant’s shares that could reach record levels.

Options pricing indicates that traders expect Meta Platforms (META) stock to move close to 6% in either direction by the end of this week. A turnaround of that magnitude from Monday’s close near $751 could push shares to a new record high around $796 at the high end, or pull them back to about $705, where they were earlier this month.

Meta stock fell about 3% the day after the company reported earnings in July, and was down about 4% the day after results were announced this time last year. It rose about 1.6% and 4.2%, respectively, in the days following its release in January and April.

Investors will be watching closely on Wednesday to see if Meta can show revenue gains to justify its huge spending on artificial intelligence, as analysts expect record revenues due to growth in its advertising business, according to estimates compiled by Visible Alpha.

Meta shares are up 28% in 2025 so far, with Wall Street analysts broadly optimistic that the stock still has room to rise. The average target of analysts surveyed by Visible Alpha near $873 suggests an upside of about 16% from Monday’s close.