Meta Platforms Inc. (Meta (META)) shares edged up about 1% on Monday as the broader tech rally pulled investors back into large-cap growth stocks. The Nasdaq climbed 1.39% and the S&P 500 rose 0.52%, signaling a renewed appetite for risk.

The move comes as traders rotate back into growth names after a period of caution. Meta is trying to extend a rebound from a choppy, multi-month decline that saw the stock drop as low as $520.26 in March.

Technical Picture: Short-Term Improvement, Long-Term Caution

On the bright side, Meta is now trading above its 20-day simple moving average of $574.61 and its 20-day exponential moving average of $580.23. That's a sign that short-term momentum is improving after the stock hit a swing low in June.

But the longer-term trend is still under pressure. The stock sits 3.2% below its 50-day SMA of $603.45, 5.3% below its 100-day SMA of $616.71, and 9.5% below its 200-day SMA of $645.55. The moving average setup remains a headwind: the 20-day SMA is below the 50-day, and the 50-day is below the 200-day, forming a long-term "death cross" that first appeared in December 2025. Until Meta reclaims those levels, any rally may be capped.

The relative strength index sits at 49.63, a neutral reading that suggests the stock is neither overbought nor oversold. Key resistance is near $606, close to the 50-day SMA, while support sits around $557, where buyers have stepped in before.

Over the past 12 months, shares are down 18.46%. The stock remains well below its 52-week high of $796.25 but has recovered from its March low of $520.26.

Earnings and Analyst Outlook

Meta is expected to report earnings on July 29. Wall Street expects earnings of $7.18 per share, up slightly from $7.14 a year ago. Revenue is projected at $60.22 billion, compared with $47.52 billion in the prior-year period. The stock trades at about 21.2 times earnings.

Analysts remain bullish overall, with a consensus Buy rating and an average price target of $823.15. Recent analyst actions include:

• Wells Fargo: Overweight; raised price target to $767 on July 2.
• RBC Capital: Outperform; maintained $810 target on June 1.
• Rosenblatt: Buy; maintained $1,015 target on May 28.

Fundamentals: Strong Growth and Quality, Weak Momentum

Meta scores well on growth and quality but continues to lag on momentum, according to market data. The company has a Momentum score of 12.92, a Quality score of 84.68, a Value score of 53.49, and a Growth score of 88.32. The ratings suggest investors still favor Meta's long-term fundamentals even as the stock works to rebuild its technical trend.

ETF Exposure

Meta is a top holding in several growth-focused ETFs, which can create additional buying or selling pressure depending on fund flows. Key ETFs include:

• Capital Group Growth ETF (CGGR): 7.79% weighting.
• First Trust Dow Jones Internet Index Fund (FDN): 8.55% weighting.
• Natixis Loomis Sayles Focused Growth ETF (LSGR): 7.73% weighting.

Price Action

Meta Platforms shares were up 0.74% at $587.20 at the time of publication on Monday, according to market data.