As Meta Stock Dips Near $600 Levels Should You Buy or Stay on the Sidelines?

The broader markets are looking weak as the war in Iran continues to escalate, pushing up oil prices. To make things worse, U.S. wholesale inflation rose more than expected in February. While inflation being stubbornly above the Fed’s 2% target wasn’t really a secret, Fed Chair Jerome Powell summed up the state of U.S. inflation at his post-meeting press conference and said, “The forecast is that we will be making progress on inflation, not as much as we had hoped, but some progress on inflation.”

Meanwhile, even though the S&P 500 Index ($SPX) has fallen over 5% from its record highs, there has been a brutal selloff in some pockets, particularly tech and software stocks. Specifically, Meta Platforms (META) has fallen 18% from its 2026 highs and is trading near its lows for the year, falling towards the $600 price levels. Let's dig into whether it's time to buy the dip in META stock or if investors would be better off staying on the sidelines.