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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Wedbush META Stock Price Prediction

Analyst Ygal Arounian, who rejoined Wedbush this week as the Managing Director, Equity Research, gave META stock a hold rating with a price target of $671. That would be a profit of $65 per share if traders take an entry position in the equity today at $606. It would also be a return on investment (ROI) of approximately 10% from its current price.

That’s double-digit returns, which seems promising, as not every asset can deliver top gains. An investment of $1,000 could turn into $1,100 if Wedbush’s price prediction on META stock turns out to be accurate. META has been in the spotlight lately, with CEO Mark Zuckerberg worried about the speed at which they are building their AI infrastructure. If the slow pace continues, that trouble for its stock prospects would become inevitable.