Meta Platforms ($META) rose on May 05, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
New Mexico child safety lawsuit; Ireland probes Instagram/Facebook manipulation; -1.43% decline
The Bull Case
Strong earnings (EPS 27.51 ttm); P/E of 21.86 reasonable for mega-cap; AI investments ramping; Street target $822.16 implies 37% upside
The Bear Case
Regulatory headwinds (New Mexico lawsuit, Ireland probe); Jim Cramer changed stance; Michael Burry targets META in Big Short 2.0; RSI at 39.14 shows weakness; litigation risk escalating
Price Target & What to Watch
$822.16 (vs. current $601.71)