Meta Platforms announced on October 26, 2026 a plan to raise up to $95 billion in equity for AI, starting with a $35 billion offering of $22.5 billion in Class A common stock and $12.5 billion in mandatory convertible preferred. The stock closed at $642.62 on October 23, about 14% below a year earlier, with a $1.64 trillion market value, a 21.9 trailing P/E and 2026 capital spending guided to $135 billion to $145 billion.
Meta Stocks 2026 – Introduction
Meta Stock Statistics changed on October 26, 2026, when the company launched the largest equity financing in its history. Meta priced a $35 billion underwritten offering, $22.5 billion of common stock through forward sale agreements and $12.5 billion of mandatory convertible preferred depositary shares. It also outlined a program of up to $60 billion in non-voting Class C shares starting in early 2027, for a potential total of $95 billion. Shares fell 1.9% on the day, from a $642.62 close on October 23.
The raise follows a quarter that showed both strength and strain. Third-quarter revenue grew 26% to $64.60 billion, yet free cash flow was negative $2.12 billion because capital spending hit $34.91 billion against operating cash flow of $32.79 billion. A $9.89 billion legal charge cut operating income 37%. This report collects the latest verified numbers on price, valuation, the offering, earnings, AI spending and analyst views as of October 27, 2026. It is informational and not investment advice.
Interesting Facts About Meta Stock in 2026
| Fact | 2026 Data |
|---|---|
| Closing price, October 23, 2026 | $642.62 |
| 52-week range | $520.26 to $779.82 |
| Market capitalization | About $1.64 trillion |
| Trailing price-to-earnings ratio | 21.9 |
| Planned equity raise | Up to $95 billion |
| Initial underwritten offering | $35 billion |
| Q3 2026 revenue | $64.60 billion (+26%) |
| 2026 capital expenditure guidance | $135 billion to $145 billion |
| Consensus analyst price target (MarketBeat) | $833.12 |
Source: Yahoo Finance and Google Finance (October 23-26, 2026); Meta Platforms Q3 2026 results (October 21, 2026); Reuters and GuruFocus (October 26, 2026); MarketBeat.
The table shows a stock down from its highs while the business grows. The share price of $642.62 sits 17.6% below the 52-week high of $779.82 and 23.5% above the low of $520.26. Market value stands near $1.64 trillion, and the trailing price-to-earnings ratio is 21.9, down from 29.2 at the end of 2025.
The financing and spending figures explain the pressure. Meta plans up to $95 billion in new equity and guides to $135 billion to $145 billion of capital spending this year, nearly double the $72.2 billion of 2025. Analysts remain positive on average, with a $833.12 consensus target that is 29.6% above the last close.
Meta Stock Price and Valuation 2026: Price, P/E and Trading Statistics
| Metric | Figure |
|---|---|
| Share price (October 23, 2026 close) | $642.62 |
| 52-week high | $779.82 |
| 52-week low | $520.26 |
| Market capitalization | $1.64 trillion |
| Trailing P/E | 21.9 |
| Forward P/E | 18.9 |
| Earnings per share, trailing 12 months | $29.31 |
| Price-to-sales | 6.8 |
| Beta (5-year monthly) | 1.18 |
| Annual dividend / yield | $2.10 / 0.33% |
| 52-week price change | -14.4% |
Source: Yahoo Finance, Key Statistics (October 23, 2026); Google Finance (October 23-26, 2026); Simply Wall St (October 2026).
Meta trades at 21.9 times trailing earnings and 18.9 times forward earnings, both below the 29.2 and 22.0 seen at the end of 2025. Trailing earnings per share are $29.31. Price-to-sales is 6.8, price-to-book is 6.0 and enterprise value to EBITDA is 15.7. The stock has fallen 14.4% over 52 weeks while the S&P 500 rose about 10.9%, according to Yahoo.
The stock is more volatile than the market. Its beta is 1.18, and it fell about 14.5% over a recent month. The dividend is $0.525 a quarter, or $2.10 a year, a yield of 0.33% that last paid on the September 21 ex-dividend date. Trailing earnings include the $9.89 billion legal charge, which lowers reported EPS and raises the trailing P/E.
Meta $95 Billion Stock Offering 2026: Structure, Size and Dilution
| Component | Detail |
|---|---|
| Total potential raise | Up to $95 billion |
| Underwritten offerings launched October 26 | About $35 billion |
| Class A common stock (forward sale agreements) | About $22.5 billion |
| Mandatory convertible preferred depositary shares | About $12.5 billion |
| Planned at-the-market program of non-voting Class C shares | Up to about $60 billion, starting early 2027 |
| Banks’ options to buy more (calculated) | About $5.25 billion |
| Nvidia, AMD and Broadcom non-binding interest | Up to $5 billion combined |
| Shares outstanding (October 16, 2026) | 2,556,241,253 |
| Estimated dilution from full $95 billion (calculated) | About 5.5% to 5.8% |
| Stock reaction on October 26 | -1.9% |
Source: Meta Platforms offering announcement and Reuters (October 26, 2026); StockTitan analysis of Meta’s 10-Q (October 2026); Implicator and GuruFocus (October 26, 2026); calculations as noted.
Meta launched about $35 billion of underwritten offerings on October 26. They include $22.5 billion of Class A common stock sold through forward sale agreements, which settle later, and $12.5 billion of depositary shares of mandatory convertible preferred stock. Banks hold options that could add about $5.25 billion. A further $60 billion would come from selling non-voting Class C shares into the market from early 2027, which brings the potential total to $95 billion.
Dilution depends on price. Meta has 2,556,241,253 shares outstanding, worth about $1.64 trillion at $642.62. Selling the full $95 billion at that price would add about 5.5% to 5.8% to the share count, by calculation. Class C shares carry no votes, so they protect Chief Executive Mark Zuckerberg’s control while reducing others’ economic ownership. Nvidia, AMD and Broadcom expressed non-binding interest in up to $5 billion, and Meta has not confirmed final prices.
Meta Q3 2026 Earnings: Revenue, Profit and User Statistics
| Metric | Q3 2026 | Change From Q3 2025 |
|---|---|---|
| Revenue | $64.60 billion | +26% |
| Costs and expenses | $51.61 billion | +68% |
| Operating income | $12.99 billion | -37% |
| Operating margin | 20% | 40% a year earlier |
| Net income | $9.86 billion | +264% |
| Diluted EPS | $3.83 ($7.40 excluding legal charge) | +265% |
| Legal charge (State attorneys general settlement) | $9.89 billion | – |
| Family of Apps ad revenue | $63.1 billion | +26% |
| Ad impressions / average price per ad | +10% / +14% | – |
| Family daily active people | 3.64 billion | +3% |
| Reality Labs revenue | $443 million | -6% |
| Q4 2026 revenue guidance | $73 billion to $76 billion | – |
Source: Meta Platforms, Third Quarter 2026 Results (October 21, 2026) via StockTitan, CNBC and the earnings call transcript.
Revenue rose 26% to $64.60 billion, ahead of the $63.37 billion consensus. Advertising drove it. Impressions grew 10% and the average price per ad grew 14%, lifting Family of Apps ad revenue to $63.1 billion. Daily active people reached 3.64 billion, up only 3%, and slightly below the 3.65 billion analysts expected. Monetization, not user growth, is the engine.
Profit was hit by a $9.89 billion legal charge tied to an August 2026 agreement with US state attorneys general over teen mental health and social media. It cut operating income 37% to $12.99 billion, and diluted EPS to $3.83, against $5.70 expected. Excluding the charge, EPS would have been $7.40. Reality Labs revenue fell 6% to $443 million. The company guided fourth-quarter revenue to $73 billion to $76 billion and full-year expenses to $175 billion to $179 billion.
Meta AI Spending and Capex 2026: Why Meta Is Selling Stock
| Metric | Figure |
|---|---|
| 2026 capital expenditure guidance (narrowed October 21) | $135 billion to $145 billion |
| Previous 2026 guidance | $130 billion to $145 billion |
| 2025 capital expenditure | $72.2 billion |
| Q3 2026 capital expenditure | $34.91 billion |
| Q3 2026 operating cash flow | $32.79 billion |
| Q3 2026 free cash flow | -$2.12 billion |
| Cash and marketable securities | $82.45 billion |
| Taxes paid on employees’ vested shares (cited in analysis) | $12.77 billion |
| Increase in long-term debt in 2026 (reported) | About $22 billion |
| 2026 total expense guidance | $175 billion to $179 billion |
Source: Meta Platforms Q3 2026 results and earnings call (October 21, 2026); sec-api.io analysis; SixSigma Research (October 2026); StockTitan (October 2026).
Capital spending has outrun cash generation. Meta spent $34.91 billion on capital expenditures in the third quarter, more than its $32.79 billion of operating cash flow, leaving free cash flow at negative $2.12 billion. Full-year capital spending is guided to $135 billion to $145 billion, against $72.2 billion in 2025. The midpoint is about 54% of annualized third-quarter revenue.
Meta still holds $82.45 billion in cash and securities, but it has funded the gap with debt and paused buybacks. Reported long-term debt rose about $22 billion this year, and a new Class C share structure approved on October 21 lists raising capital among its purposes. Meta launched Muse and Muse Wonder, its first frontier models, in the quarter. Management ties AI to better ad ranking and engagement, which supports 26% revenue growth.
Meta Analyst Ratings and Price Targets 2026: Wall Street Views After the Offering
| Metric | Figure |
|---|---|
| Analysts rating Meta (MarketBeat, last 12 months) | 58 |
| Buy or strong buy ratings | 50 |
| Hold ratings | 8 |
| Consensus rating | Moderate Buy |
| Consensus price target | $833.12 |
| Highest price target | $1,000 to $1,050 |
| Lowest price target | $650 |
| Implied upside from $642.62 (calculated) | About 29.6% |
| Mizuho and Canaccord Genuity price targets | $950 each |
| UBS price target (raised from $884) | $892 |
Source: MarketBeat, Meta Platforms Forecast (October 23-26, 2026); Google Finance and Yahoo Finance analyst data (October 22, 2026); TipRanks; implied upside calculated.
Wall Street remains positive. Of 58 analysts, 47 rate Meta a buy, 3 a strong buy and 8 a hold. The consensus target is $833.12, about 29.6% above the $642.62 close. Mizuho and Canaccord Genuity target $950, UBS raised its target from $884 to $892, and Evercore targets $870. The highest target is about $1,000 to $1,050, depending on the source.
Skeptics are fewer but visible. Scotiabank rates the stock a hold at $650, and Wedbush rates it a hold at $730. Analysts’ price targets were set before the October 26 offering, and some may change as dilution and free cash flow become clearer. Targets also have a poor record as forecasts, because they follow the stock price and rarely predict turning points.
Meta Market Cap and P/E History: Quarter-End Valuation Changes
| Date | Market Cap | Trailing P/E | Forward P/E |
|---|---|---|---|
| September 30, 2025 | $1.85 trillion | 26.7 | 24.9 |
| December 31, 2025 | $1.67 trillion | 29.2 | 22.0 |
| March 31, 2026 | $1.45 trillion | 24.4 | 19.2 |
| June 30, 2026 | $1.44 trillion | 20.5 | 17.9 |
| September 30, 2026 | $1.85 trillion | 27.3 | 21.5 |
| Current (October 23, 2026) | $1.64 trillion | 21.9 | 18.9 |
Source: Yahoo Finance, Valuation Measures (data through October 23, 2026).
Market value swung between $1.44 trillion and $1.85 trillion in a year. It fell to $1.45 trillion by March 31, 2026 and $1.44 trillion by June 30, then rebounded to $1.85 trillion on September 30, as the stock climbed 8.3% over three months. It has since dropped to $1.64 trillion, an 11% decline from the quarter-end level, as the offering and legal charge hit.
Multiples tell the same story. The trailing P/E ranged from 20.5 to 29.2, and the forward P/E from 17.9 to 24.9. At 21.9 and 18.9 today, Meta trades toward the low end of its one-year range. Lower multiples can reflect lower expected returns on very high spending, and falling earnings after the legal charge. Quarter-end snapshots hide big moves in between, so read them as trend markers only.
Meta Stock Statistics FAQ 2026
How much is Meta raising in its 2026 stock offering?
Up to $95 billion. About $35 billion was launched on October 26, 2026: $22.5 billion of Class A common stock and $12.5 billion of mandatory convertible preferred depositary shares. Another $60 billion is planned through an at-the-market program from early 2027.
Why is Meta selling stock in 2026?
To fund AI infrastructure. Capital spending is guided to $135 billion to $145 billion for 2026, and third-quarter free cash flow was negative $2.12 billion.
What is the Meta stock price in October 2026?
$642.62 at the October 23, 2026 close. Shares fell about 1.9% on October 26, after the offering was announced.
What is Meta’s market cap in 2026?
About $1.64 trillion as of October 23, 2026, based on 2.556 billion shares outstanding.
What is Meta’s P/E ratio in 2026?
21.9 trailing and 18.9 forward, according to Yahoo Finance. Trailing EPS is $29.31.
What is Meta’s 52-week high and low?
$779.82 and $520.26. The stock is down about 14.4% over 52 weeks.
How much will the offering dilute shareholders?
About 5.5% to 5.8% if the full $95 billion is sold at the October 23 price, by calculation. Final prices have not been confirmed.
What are Class C shares?
A new class of non-voting Class A-like stock, approved on October 21, 2026, that Meta plans to sell in an at-the-market program. It lets Meta raise equity while keeping Zuckerberg’s voting control.
What were Meta’s Q3 2026 earnings?
Revenue was $64.60 billion, up 26%, and diluted EPS was $3.83, or $7.40 excluding a $9.89 billion legal charge.
Does Meta pay a dividend?
Yes, $0.525 a quarter, or $2.10 a year, a yield of about 0.33%.
What do analysts expect for Meta stock?
The consensus target is $833.12 from 58 analysts, with 47 buy ratings, 3 strong buys and 8 holds, according to MarketBeat.
Is Meta stock a good investment?
This report is informational and not investment advice. Valuation is lower than a year ago, but dilution, heavy spending and negative free cash flow add risk. Consider your own goals or ask a licensed adviser.
Disclaimer: This research report is compiled from publicly available sources. While reasonable efforts have been made to ensure accuracy, no representation or warranty, express or implied, is given as to the completeness or reliability of the information. We accept no liability for any errors, omissions, losses, or damages of any kind arising from the use of this report.