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StocksMedium•12 June 2026•

1 min read

Meta Stock Eyes $700 Target Following Massive Q1 Earnings Beat

Key Facts

1Meta reported Q1 revenue of $56.31 billion, representing a 33% year-over-year increase.

2Meta's earnings per share reached $10.44, significantly beating the analyst consensus of $6.66.

Following weeks of anticipation, Meta Platforms reported Q1 results that revealed a robust financial performance, fueling projections for the stock to reach the $700 mark. The company posted revenue of $56.31 billion, representing a 33% year-over-year increase. Furthermore, earnings per share reached $10.44, significantly beating the analyst consensus of $6.66.

This outperformance comes amid positive momentum in the broader tech sector, with market data showing strong trading levels for peers such as MSFT at $389.14 and GOOGL at $362.91. Compared to previous quarters, analysts note that Meta's AI investments are driving significant gains in ad efficiency, prompting major institutions like Goldman Sachs to recently raise their price targets (per search citations).

Meta's stock (META) stood at $573.27 at close June 12, 2026, after hitting an intraday high of $576.07. Traders should watch for upcoming US economic catalysts, including the Existing Home Sales report on June 9, to gauge consumer strength. The immediate resistance level near $580 remains the key technical barrier before the stock can challenge higher analyst targets.