Meta Platforms ($META) rose on May 04, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
Up 0.30% despite headwinds; analyst reaffirms Buy; Q1 earnings beat; AI investment thesis intact
The Bull Case
Strategic AI investments paying off; Q1 earnings beat; analyst target $821.88 implies 35% upside; Guggenheim Buy rating; resilient amid geopolitical challenges
The Bear Case
China blocks $2B Manus AI deal; New Mexico youth harm trial pending; 81K job cuts signal restructuring risks; regulatory scrutiny increasing
Price Target & What to Watch
$821.88 (analyst target)