Meta rebounds toward $740 as earnings optimism and EU settlement hopes lift sentiment

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Meta earnings and EU settlement

Highlights

- Meta stock rebounds above $733 after defending key $700–$710 demand zone.

- Analysts see $800 test as momentum builds ahead of Q3 earnings.

- EU antitrust settlement expectations ease regulatory concerns for investors.

The recovery from $705 marks a key inflection point for Meta, as that level aligns with both horizontal demand and prior consolidation support. Price has since regained footing within its long-term ascending channel, with momentum now targeting resistance near $740. If buying pressure persists, the stock could challenge the upper boundary of the channel around $780–$800, an area that coincides with several bullish analyst projections.

Meta price dynamics (Source: TradingView)

Should Meta lose traction, the $720–$730 range will be critical to defend. A sustained drop below $700 would expose deeper support near $680, with a broader retracement possibly extending to $620. For now, the technical structure favors continued recovery, supported by improving sentiment and anticipation ahead of earnings.

Strong fundamentals support recovery

Analysts expect Meta to post earnings per share of $6.74 in Q3, an 11.8% increase year over year, underpinned by continued growth in digital advertising and AI integration across its platforms. The company has also benefited from reduced legal uncertainty, with reports indicating progress toward resolving key antitrust disputes in the European Union. These developments have lifted investor confidence at a time when the broader technology sector remains volatile.

Wall Street remains largely optimistic. Goldman Sachs raised its target price to $870, citing Meta’s leadership in AI infrastructure and monetization potential. Guggenheim and Wolfe Research maintained bullish stances with price targets of $875 and $730, respectively, reinforcing institutional conviction in Meta’s long-term growth narrative.

Outlook remains constructive

Meta’s price action suggests the stock is attempting to rebuild momentum ahead of earnings season. A decisive move above $740 would confirm short-term bullish control and likely set up a retest of the $800 zone. With strong analyst support, easing regulatory pressure, and a robust earnings outlook, Meta appears well positioned to extend its rebound as long as $700 remains intact.

In earlier coverage, Meta’s channel break near $716 was identified as a potential pivot zone. The current rebound validates that setup, showing how buyers have regained control from that key support area.

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