Meta Platforms (NASDAQ: META) shares remained under pressure on October 30, 2026, as investors weighed strong advertising growth against rising artificial intelligence spending, legal expenses and the company’s plans to issue new equity.

The stock traded around $612.41 during Friday’s session, extending its decline following Meta’s third-quarter earnings and October 26 financing announcement.

• Meta Platforms shares traded near $612 on October 30, while the 24/7 Wall St. model projects a 12-month price target of $804.16.
• Q3 revenue increased 26% to $64.6 bn, exceeding expectations, but a $9.89 bn legal charge and negative free cash flow weighed on earnings.
• Meta announced a major equity financing plan to…