Shares of Meta Platforms have rallied back from a three-month slump. An improving outlook on tariffs and stronger-than-expected first-quarter results from the Facebook parent now have Meta stock climbing toward record highs from earlier this year.
Meta stock is ahead 8% in June after rallying 18% in May. That has helped Meta dig out from a slump that saw its stock fall more than 30% between Valentine's Day and mid-April. The stock was hit by fears about tariffs and the removal of the "de minimis" import exemption slowing its advertising business. The tech giant is also spending billions on its AI push, raising the stakes for the performance of Meta's overall business.
But Meta's first-quarter results and the 90-day lowering of President Donald Trump's China tariffs are helping ease concerns.
So is Meta stock a buy? Read below for the latest chart analysis for Meta Platforms as well as company news and ratings from Wall Street analysts.
Meta Stock Breakout
On the stock market today, Meta was up a fraction midday trading near 699.02.
Meta stock last week broke out above a 662.67 cup-with-handle buy point, according to IBD MarketSurge. Gains since then have placed Meta stock just above a 5% buy zone from that entry.
The tariff cut from Trump has allowed investors to worry less about the company's ad business taking a hit to focus more on other aspects of Meta's business. Mostly, that's been Meta's AI push. The breakout for Meta stock came the same day the Wall Street Journal reported that the Facebook parent company planned to offer fully automated ad campaigns using AI by next year.
Meta is also reportedly in talks to invest in the data-focused startup Scale AI. As part of that investment, Scale AI Chief Executive Alexandr Wang will join a new AI research lab at Meta dedicated to pursuing "superintelligence," according to a New York Times report. The report said Chief Executive Mark Zuckerberg is reorganizing Meta's AI efforts after some struggles. The social media giant has already delayed the rollout of its "Behemoth" Llama AI model, according to a Wall Street Journal report that dented Meta stock last month.
Meanwhile, Meta's Relative Strength Rating is at a strong 88 out of 99. And the stock holds a 96 out of a best-possible 99 IBD Composite Rating, according to the IBD Stock Checkup tool.
Meta Q1 Earnings Beat
On April 30, Meta's first-quarter results and sales outlook eased fears about tariffs squeezing its advertising business. Zuckerberg indicated that it's full-speed ahead for the Facebook parent company's significant AI investments.
Meta said it earned $6.43 per share on sales of $42.3 billion for the March-ended quarter. Analysts polled by FactSet projected the Menlo Park, Calif.-based company would post adjusted earnings of $5.23 per share on sales of $41.3 billion.
Sales increased 16% year over year. Earnings per share advanced 37% to $6.43.
Majority Of Meta Stock Analysts Say Buy
Founded as Facebook and renamed Meta Platforms in 2021, the tech giant boasts more than 3 billion regular users across its Family of Apps, which includes Facebook, Instagram, WhatsApp and Threads.
That reach has enabled Meta to dominate the social media advertising market, and has made Meta stock a Wall Street favorite. Only Apple, Nvidia , Microsoft , Amazon and Google-parent Alphabet boast larger market caps than Meta. Those stocks, along with Tesla, make up the so-called Magnificent Seven that powered the S&P 500's rally starting in 2023.
Even with a more than 400% run since the start of 2023, analysts are bullish on further growth for Meta.
Of the 71 stock analysts following Meta, 63 have a buy rating, according to FactSet. Meta has six neutral calls and two sell warnings among analysts.
However, Meta's strong recent run has the stock trading slightly higher than the average price target from analysts of 695.33, according to FactSet. The average price target for Meta stock is down from 762.80 in February.
JPMorgan analyst Doug Anmuth recently upped his price target for Meta stock to 735 from 675. Meta stands to gain as "advertising and macro(economic) trends are stable, with AI advertising benefits," he wrote to clients on June 4.
Meta reached a record high of 740.91 on Feb. 14, when it was riding a 20-day streak of gains.
Debate About AI Spending, Metaverse
Analysts are generally bullish about Meta's ability to use AI to strengthen its hold on the digital advertising market. Meta's digital advertising prowess makes it massively profitable, reporting $69.3 billion in operating income for 2024.
Still, there are questions from investors on the big long-term bets Zuckerberg is making.
The first debate is how quickly Meta can see a return on the tens of billions it is investing in data centers to power its AI ambitions, among other AI costs.
At the same time, Meta is also spending tens of billions on developing products and software to power Zuckerberg's vision for the metaverse.
AI is a much more popular topic among investors. Wall Street is mostly skeptical of the metaverse idea — even after Zuckerberg's Orion smart-glasses demo impressed last fall.
Meta Market Cap
You can check for Meta's current stock price here. Meta's market cap was $1.76 trillion as of midday June 10. Here is how the stock has grown over time:
| Time period | Meta stock gain | S&P 500 gain |
|---|---|---|
| 2025* | 19.5% | 2.5% |
| Previous 12 months* | 39.5 | 12.5 |
| 2024 | 66.5 | 23.3 |
| 2022 | 194.3 | 24 |
| 2022 | -64 | -19 |
| Since IPO (May 18, 2012) | 1,727 | 358 |
* Prices as of midday June 10
