Zacks Rates Meta Hold Amid $115B Capex Pressures Before Q1 Earnings

Meta Platforms Inc faces a Zacks Hold rating ahead of April 29 Q1 earnings, with consensus revenue at $55.49B (31% YoY) and ad estimates at $54.36B, but heavy $115B-$135B 2026 capex and $5.59B Reality Labs losses threaten margins. Coverage kicked off April 22 touting 24% revenue growth to $59B, 200% three-year stock rally, and 22x forward P/E despite spending risks, evolving to April 24 hype driving a 2.48% or $16.34 intraday surge near $675. The narrative blends ad strength and AI upside with volatility cautions as the report nears.