Meta Shares Steady Near $612 as Analysts Dismiss AI Capex Dip as Buy Opportunity

Meta Platforms shares held steady near $612 on May 1, down 8.49% from pre-earnings levels, with analysts increasingly viewing the post-Q1 selloff as an overreaction and buying chance amid AI spending concerns. The stock plunged 8.55% to $611.91 on April 30 after blockbuster Q1 results—$56.31 billion revenue (+33% YoY) and $10.44 EPS (+62% YoY, including $8B tax benefit)—but raised 2026 capex guidance to $125–$145 billion erased $175 billion in market cap and prompted a JPMorgan downgrade. Latest coverage emphasizes strong ad metrics like Reels time spent +10%, impressions +19%, and prices +12%, with consensus targets near $855 balancing near-term capex worries against AI-driven growth.