Meta Platforms (META) shares fell nearly 7% in the previous session, even though its third-quarter 2026 results, reported on Oct. 21, 2026, beat expectations. The decline was mainly driven by negative free cash flow and an upward revision to the lower end of full-year capital expenditure guidance, while long-term debt rose 38% year over year to $80.9 billion and persistent revenue weakness at Reality Labs was also seen as weighing on sentiment. Advertising remained strong, with partnership ads growing more than 97% and surpassing a $15 billion annual revenue run rate in the quarter. Adjusted EPS of $7.40 beat the Zacks Consensus Estimate by 13.5%, revenue rose 26% year over year, and fourth-quarter revenue guidance of $73-$76 billion sits above consensus. Rosenblatt raised its price target to $900 from $886 while keeping a Buy rating, and JPMorgan raised its target to $940; the article also highlights META-heavy ETFs, including FCOM ($1.78 billion in net assets, META at 25.61%, 8 bps fee) and VOX ($6 billion, META at 25.31%, 9 bps fee).
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META
▼ Likely negativeMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.6T |
| Close on 10/22/2026 | 648.85 |
| Change that session | -6.98% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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