Meta Platforms (META) stock is down, reflecting a broader market decline, with the Nasdaq and S&P 500 also falling. Investors anticipate strong earnings on April 29, 2026, with EPS and revenue estimates significantly up year-over-year. Despite a high P/E ratio of 28.5x, analysts maintain a “Buy” rating with an average price target of $851.66, supported by recent positive adjustments from Argus Research, DA Davidson, and Morgan Stanley. Benzinga’s Edge Scorecard reveals Meta’s strong quality and healthy balance sheet, but notes weak value due to a premium valuation and bearish momentum. META was trading at $662.44, down 0.98% on Thursday.
