Meta Platforms ($META) rose on May 20, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
$200B Hyperion data center project; AI cost concerns; +0.38% gain
The Bull Case
Strong EPS ($27.51 ttm); P/E of 21.99 reasonable for mega-cap; analyst target of $819.83 implies 35% upside; massive AI infrastructure bet
The Bear Case
Recent 10% stock drop due to higher AI costs; $200B capex commitment raises ROI questions; CEO signals no more layoffs (cost control narrative weakens)
Price Target & What to Watch
$819.83 (analyst target)