With a close at a record high of $736.67 on Friday, Meta stock is now up over 600% from its lows hit back in the fall of 2022. Amid that year's tech washout that followed the Federal Reserve's decision to begin raising interest rates aggressively in the face of a 40-year high in inflation, Meta stock fell more than 70% from peak to trough.

Meta Platforms ( META 1.46%) isn't a cheap stock anymore, at least on a dollars-per-share basis. Its stock price has reached over $700 per share, a range that many investors begin wondering if a stock split is imminent. Meta has never split its stock before, so this is a bit of uncharted territory for the company.

Meta Platforms (META) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.