Quick Read
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META has dropped 18% over the past year, but 24/7 Wall St. rates it a BUY with a $829 price target implying 42% upside.
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A forward P/E of just 19x on a business posting 33% revenue growth and near-unanimous analyst Buy ratings signals rare asymmetric value.
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Even META’s bear case lands at $720, well above spot, while the real risks are Reality Labs losses and further capex increases.
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Meta Platforms (NASDAQ:META) has been through the wringer. The stock is down 18.05% over the past year and 11.54% year to date, with a brutal 4.9% single-day drop on July 2, 2026. After running the numbers, the selloff looks overextended relative to fundamentals.
Our 24/7 Wall St. price target for Meta is $828.63, implying 42.16% upside from $582.90. The recommendation is buy, with high confidence at 90%.
24/7 Wall St. Price Target Summary
How a $1.28 Trillion Giant Fell Out of Favor
Meta peaked near $785.23 in August 2025 before grinding lower into July 2026. The catalysts for the pullback were largely self-inflicted: management raised FY2026 capex guidance to $125-145 billion, up from the prior $115-135 billion range, citing higher component pricing and data center costs. Reality Labs is still bleeding, with a $4.03 billion operating loss in Q1 2026.
Yet the underlying business is roaring. Q1 2026 revenue jumped 33.1% YoY to $56.31 billion, ad impressions rose 19%, and price per ad climbed 12%. That is Meta’s fifth consecutive EPS beat. Reddit captured the mood best with a viral wallstreetbets post about “Suckerberg panic bought the entire AI chip supply,” which drew 13,591 upvotes.
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The Case for $868 and Higher
The bull scenario projects $868.79, or 49.05% upside. The core drivers: Meta Superintelligence Labs released its first model in Q1, 3.56 billion daily active people across the Family of Apps, and AI-driven ad targeting that is compounding pricing power.
Ray-Ban Meta glasses give Meta the early lead in AI wearables. Of 63 analysts covering the stock, 57 rate it Buy or Strong Buy with zero sells. The forward P/E sits at just 19, a modest multiple for a business compounding earnings at this rate.
