META Stock Dips Below $600; Wedbush Sets $671 Target

META stock dipped below the $600 level on Thursday, hitting a day’s low of $597 as it fell 3.36% and erased 21 points amid fresh scrutiny of tech stocks’ spending on AI infrastructure. The selloff followed Alphabet‘s Q2 earnings report, which saw its stock fall nearly 7% despite robust revenues and an increased capex forecast from $180 billion to $205 billion for 2026.

Consequently, Wedbush Securities has given META stock a ‘hold’ rating, writing in a note to clients not to sell the equity as the bottom is yet to be met. However, the firm assigned a positive price target for the social media giant, indicating the equity could sustainably scale up and deliver good returns. This makes META a must-watch asset as confidence on Wall Street remains high.

Analyst Ygal Arounian, who rejoined Wedbush this week as Managing Director of Equity Research, gave META a hold rating with a price target of $671. That target would represent a profit of $65 per share for traders entering at the current $606 price, equating to a return on investment of approximately 10%.

An investment of $1,000 could turn into $1,100 if Wedbush‘s prediction proves accurate. META has been in the spotlight recently, with CEO Mark Zuckerberg expressing concern about the speed of building their AI infrastructure, as continued slow pace could trouble its stock prospects.

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