Meta Platforms Stock Is Gaining Monday: What's Going On?
Meta Platforms Inc. (NASDAQ: META ) stock climbed nearly 7% on Monday as investors returned to mega-cap technology stocks after last week’s post-earnings selloff. The broader market also advanced, with the Nasdaq rising 1.67% and the S&P 500 gaining 1.34%. Earnings Snapshot Meta reported mixed second-quarter results on July 29. Revenue rose 28% year over year to $60.8 billion, topping estimates of $59.5 billion, while adjusted EPS of $6.18 missed the consensus of $7.13. Meta expects third-quarter revenue of $61 billion to $64 billion, roughly in line with Wall Street estimates. The company also raised the low end of its 2026 capital expenditure guidance to $130 billion-$145 billion, up from the previous $125 billion-$145 billion range, as it continues to invest in AI infrastructure. The stock tumbled in after-hours trading following the report. Technical Picture Despite Monday&#...
Meta Platforms Inc. (NASDAQ: META ) stock climbed nearly 7% on Monday as investors returned to mega-cap technology stocks after last week’s post-earnings selloff. 34%. Earnings Snapshot Meta reported mixed second-quarter results on July 29.
13. Meta expects third-quarter revenue of $61 billion to $64 billion, roughly in line with Wall Street estimates. The company also raised the low end of its 2026 capital expenditure guidance to $130 billion-$145 billion, up from the previous $125 billion-$145 billion range, as it continues to invest in AI infrastructure. The stock tumbled in after-hours trading following the report.
Technical Picture Despite Monday’s rebound, Meta remains below several key moving averages. 3% below its 200-day average. 5% over the past 12 months. 91, indicating neutral momentum.
That suggests buying and selling pressure remains balanced. The 20-day moving average remains above the 50-day average, offering a near-term bullish signal. ” Traders are watching resistance near $606 and support around $577. 93% gain.
7% over the past 90 days, suggesting it is still recovering from recent weakness. 42. Following second-quarter results, UBS lowered its price forecast to $715, Baird cut its forecast to $750 and Goldman Sachs reduced its forecast to $725 while maintaining bullish ratings. ETF Exposure Meta remains a top holding in several growth-focused exchange-traded funds, including the Capital Group Growth ETF (CGGR), Invesco AI and Next Gen Software ETF (IGPT) and Natixis Loomis Sayles Focused Growth ETF (LSGR).
Strong inflows or outflows in those funds can influence demand for the stock. 76 at the time of publication on Monday, according to Pro data. Photo via Shutterstock Read Also: Palantir Stock Faces Its Biggest Test Yet: Can Earnings Justify Its Premium Valuation?