Wedbush Gives ‘Hold’ Rating for META Stock as Price Dips: See Target

The Nasdaq-listed META stock dipped below the $600 level on Thursday, with a day’s low of $597. It fell 3.36% and erased 21 points as tech stocks faced fresh scrutiny over spending on building their AI infrastructure and data centers. Alphabet’s Google stock fell nearly 7%, even after delivering a stellar Q2 earnings report with robust revenues. The company announced an increase in capex to build its AI systems, going from $180 billion to $205 billion in 2026.

On the heels of the ongoing price correction, leading financial services company Wedbush Securities has given META stock a ‘hold’ rating. The firm wrote in a note to clients not to sell the equity, as the bottom is yet to be met. However, the financial firm has given a positive price target for the social media giant, indicating that the equity could sustainably scale up in the charts and deliver good returns to traders. This makes META a must-watch asset, as confidence in the equity remains high on Wall Street.

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