Shares of Meta Platforms, Inc. (NASDAQ:META) are trading higher on Monday as mega cap tech participates in a broad risk-on tape, with traders also leaning into the company's AI capex narrative after plans to expand its El Paso data center to 1 gigawatt and push total investment beyond $10 billion.

The Nasdaq is up 0.45% while the S&P 500 has gained 0.36%, keeping the bid under large-cap growth even as leadership rotates across sectors.

Meta Rises As Tech Industry Deals With AI Infrastructure Costs

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 and the near-term technical floor around the low-$580s. That setup has kept dip-buyers active even as the stock remains below multiple major moving averages.

Meta Platforms' hiring and cost narrative is also in focus after filings at Meta and Google roughly halved, while Amazon's certified H-1B applications fell to 3,057 from 4,647 in the same period a year earlier. That backdrop can support margin expectations into earnings, even if it also signals a more cautious labor posture across Big Tech via filings fell sharply in late 2025.

Market breadth is supportive, with 8 sectors advancing versus 3 declining and an advance/decline ratio of 2.7, which tends to help index-heavy names hold gains. Technology (XLK) is up 0.40%, aligning with META's direction, while Financials (XLF) leads at +0.83%.

Stock Sits Under Key Resistance Level

At $579.65, Meta is sitting in the lower half of its $479.80 to $796.25 52-week range, which indicates it's still in "rebuild mode" after pulling back from prior highs. Moving-average positioning isn't available in the provided data, so the chart read leans more on range levels and prior turning points.

The death cross in December (Dec. 10, 2025) flagged a period where longer-term trend pressure outweighed upside momentum. More recently, the stock put in a swing high on Jan. 29, 2026 and a swing low on March 27, 2026, which frames the current action as a bounce attempt off a defined late-March low.

  • Key Resistance: $673.00 — a prior ceiling where rallies have stalled.
  • Key Support: $520.50 — an area where buyers have previously defended pullbacks.

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the April 29, 2026 (estimated) earnings report.

  • EPS Estimate: $6.63 (Up from $6.43 YoY)
  • Revenue Estimate: $55.42 Billion (Up from $42.31 Billion YoY)
  • Valuation: P/E of 24.5x (Suggests fair valuation relative to peers)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $846.93. Recent analyst moves include:

  • Wells Fargo: Overweight (Lowers Target to $765.00) (April 2)
  • Morgan Stanley: Overweight (Lowers Target to $775.00) (March 30)
  • Tigress Financial: Strong Buy (Raises Target to $945.00) (March 18)

The Verdict: Meta Platforms,’s Benzinga Edge signal reveals a growth-and-quality-led profile with weak near-term momentum. That mix often means the fundamental story is intact, but the chart still needs to prove it can reclaim key resistance zones.

Shares Up Slightly In Regular Trading

META Stock Price Activity: Meta Platforms shares were up 0.33% at $576.37 at the time of publication on Monday, according to Benzinga Pro data.

Image: Shutterstock