Meta stock rises 1% as investors rotate back into growth
Meta Platforms Inc. shares rose approximately 1% on Monday as investors rotated back into large-cap technology stocks. While short-term momentum is improving, the stock faces headwinds from long-term moving averages. Analysts project earnings of $7.18 per share and revenue of $60.22 billion for the upcoming report on July 29.
*this image is generated using AI for illustrative purposes only.
Meta Platforms Inc. shares rose approximately 1% on Monday as investors returned to large-cap technology stocks amid strengthening risk appetite. The broader market also moved higher, with the Nasdaq gaining 1.39% and the S&P 500 advancing 0.52%. Meta is attempting to extend its rebound after a choppy, multi-month decline, though the stock remains 18.46% down over the past 12 months.
Technical Analysis
Meta is trading above its 20-day simple moving average of $574.61 and its 20-day exponential moving average of $580.23, signaling improving short-term momentum following the June swing low. However, longer-term trends remain under pressure. The stock is trading 3.2% below its 50-day SMA of $603.45, 5.3% below its 100-day SMA of $616.71, and 9.5% below its 200-day SMA of $645.55.
The relative strength index stands at 49.63, a neutral reading suggesting the stock is neither overbought nor oversold. The moving-average setup presents a headwind, with the 20-day SMA below the 50-day SMA and the 50-day SMA below the 200-day SMA. This long-term "death cross" first appeared in December 2025. Key resistance sits near $606, while key support is around $557.
| Metric | Value |
|---|---|
| 20-day SMA | $574.61 |
| 50-day SMA | $603.45 |
| 100-day SMA | $616.71 |
| 200-day SMA | $645.55 |
| RSI | 49.63 |
| 52-Week High | $796.25 |
| 52-Week Low | $520.26 |
Earnings and Analyst Outlook
Meta is expected to report earnings on July 29. Wall Street anticipates earnings of $7.18 per share, up from $7.14 a year earlier. Revenue is projected to reach $60.22 billion, compared with $47.52 billion in the prior-year period. The stock trades at about 21.2 times earnings.
Analysts maintain a consensus Buy rating with an average price forecast of $823.15. Recent analyst actions include Wells Fargo raising its price forecast to $767 on July 2, RBC Capital maintaining an $810 target on June 1, and Rosenblatt keeping a $1,015 target on May 28.
Benzinga Edge Rankings
Meta scores well on growth and quality but lags on momentum. The company holds a Momentum score of 12.92, a Quality score of 84.68, a Value score of 53.49, and a Growth score of 88.32. These ratings suggest investors continue to favor Meta's long-term fundamentals as the stock works to rebuild its technical trend.
ETF Exposure
Meta is a top holding in several growth-focused exchange-traded funds. The Capital Group Growth ETF (CGGR) holds a 7.79% weighting, the First Trust Dow Jones Internet Index Fund (FDN) holds 8.55%, and the Natixis Loomis Sayles Focused Growth ETF (LSGR) holds 7.73%. Strong inflows or outflows in these funds can create additional buying or selling pressure for Meta shares.
Can Meta's upcoming earnings report on July 29 provide the catalyst needed to break through the key $606 resistance level?
Will the projected revenue growth be sufficient to reverse the long-term 'death cross' technical formation?
How might inflows or outflows from top ETF holders like the First Trust Dow Jones Internet Index Fund impact Meta's share price volatility?
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