Meta Platforms ($META) rose on May 08, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
-1.26% decline; strong Q1 earnings beat offset by regulatory headwinds
The Bull Case
BofA lists META among top 10 earnings beat stocks; AI capex momentum; lower short float (1.21%); analyst target $820 suggests 35% upside
The Bear Case
Ireland regulator investigating 'dark patterns' on Facebook/Instagram; regulatory risk mounting; down on day despite earnings beat; RSI at 41.84 shows weakness
Price Target & What to Watch
$820.00 (analyst target) vs. current $609.01