Meta Platforms (META) shares closed at $577.22 on June 18 after a 1.7% gain, trading well below the 52-week high near $796 amid ongoing pressure from elevated AI capital expenditure plans. The company raised its 2026 capex guidance to $125–145 billion following strong Q1 results that showed 33% revenue growth to $56.3 billion and adjusted EPS outperformance, with the ad business continuing to benefit from AI-driven targeting improvements and Threads reaching 500 million monthly active users. Analyst consensus price targets remain elevated around $839, reflecting confidence in subscription expansion and core monetization, though recent executive departures in AI roles and broader tech-sector rotation have weighed on near-term sentiment. With no major earnings or regulatory catalysts scheduled for the week of June 22, price action will likely hinge on macroeconomic data releases, Treasury yield movements, and any updates on AI infrastructure commitments.