Meta Slips to $543 as Wall Street Eyes Nearly 50% Upside

Meta shares fell to $542.87 by June 26 after dropping from a record $796, pressured by elevated 2026 capex guidance of $125-145 billion. Despite the pullback, Wall Street sentiment stayed bullish with repeated Buy ratings and price targets as high as $930. The stock's decline contrasts with strong Q1 results showing 33% revenue growth to $56.31 billion and a 57% EPS beat. Institutional ownership rose to 262 hedge funds while analysts highlighted AI-driven ad improvements and new subscription revenue as long-term offsets to higher spending.