Meta Platforms Will Be a $2 Trillion Company On This Date

Meta reported a strong earnings beat with Q1 2026 revenue rising 33.08% to $56.311 billion and EPS of $10.44 versus an estimate of $6.6587. Management stated the company is on track to deliver personal superintelligence to billions of people. Despite the results, shares declined, with performance down 7.47% year to date and 9.55% over the past month. Full-year 2026 capital expenditures were raised to $125 to $145 billion, and total expenses were projected at $162 to $169 billion. Investors reacted to higher expenses, a $4.03 billion Reality Labs operating loss, and youth litigation trials, while analysts remained bullish with targets above current levels.

"Q1 2026 revenue jumped 33.08% to $56.311 billion, EPS came in at $10.44 versus a $6.6587 estimate, and CEO Mark Zuckerberg said the company is "on track to deliver personal superintelligence to billions of people." Shares trade at $610.26 with a market cap of $1.549 trillion. Can Meta clear $910 per share, the level that turns it into a $2 trillion company, by 2027?"

"Management raised full-year 2026 capital expenditures to $125 to $145 billion, up from $115 to $135 billion, with total expenses at $162 to $169 billion. Investors saw expenses up 35% year over year, a $4.03 billion Reality Labs operating loss, and youth litigation trials ahead, and took profits. The stock dropped from $671.77 at the earnings filing to $608.745 the next day."

"Wall Street is firmly bullish. The consensus target sits at $826.60 with 9 Strong Buys, 47 Buys, 7 Holds, and zero Sells. Our base case at 24/7 Wall St. lands at $854.52, implying 40.03% upside, with a bull case of $885.03 and a bear case of $738.63. With 89% of analysts bullish and quarterly earnings growth running at 62.4% year over year, even consensus looks conservative."

"Reaching $910 from today's price of $610.26 requires a 49.1% gain. At 2.196 billion shares outstanding, that price tags Meta at roughly $2 trillion. With forward EPS of $41.12, a price of $910 implies a forward P/E of 22x. Our base case of $854.52 already implies 18x, meaning the target requires 4x additional multiple expansion."

Read at 24/7 Wall St.