Meta Platforms ($META) rose on April 23, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
1.37% decline; mounting legal challenges over scam ad revenue (~$16B projected); employee data privacy concerns
The Bull Case
RSI at 59.75 near neutral; strong EPS of $23.49 ttm; AI training investments signal future growth
The Bear Case
Lawsuits in US, Australia, UK over scam ad profiteering; ethical concerns around employee keystroke monitoring; reputational risk
Price Target & What to Watch
Wall Street target: $847.11 (vs. current $665.51)