Meta Platforms finds itself at a pivotal crossroads as 2026 looms. The social media titan's stock has stumbled 17% from August's highs, leaving investors caught between scepticism about its ambitious AI spending and conviction that the company's best days remain ahead.
Wall Street remains optimistic—Baird analyst Colin Sebastian maintained his 'outperform' rating despite trimming his price target from $820 to $815—but the tone has shifted from enthusiasm to cautious waiting.
