Meta Holds Near $603 as Analysts Call It a Mag 7 Bargain

Meta Platforms trades near $603 after a 24% decline from highs, with the stock down 8.6% over the past month. Strong Q1 results showing 33% revenue growth to $56.3B and 62% EPS growth fueled initial optimism, but the company's raised FY2026 capex guidance to $125-145B triggered PT cuts from Truist, Pivotal, and Mizuho. Despite mixed technical signals and hedge-fund trimming, bullish calls from Cramer and others citing AI-driven ad momentum have sustained a $817 median price target, framing the pullback as an attractive entry point for long-term investors.