# Meta Platforms' upside is tracking the broader "risk-on" tone, but the stock is also getting a tailwind from renewed focus on AI infrastructure spending.

*business · news · 2026-04-06 · Benzinga*

## Key points

- Meta Platforms is currently trading near a technical floor around the low-$580s, attracting dip-buyers.
- The next major catalyst is the April 29, 2026 earnings report, with EPS estimated at $6.63.
- Recent analyst actions include Wells Fargo and Morgan Stanley lowering price targets, while Tigress Financial raised theirs.
- Meta's current P/E ratio of 24.5x suggests fair valuation compared to peers.

**Companies:** Meta Platforms

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/04/51664667/whats-going-on-with-meta-stock-today)

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