Anyone waiting for a pullback in Meta Platforms NASDAQ: META stock should cheer the Q1 results. The news underscores the company’s strengths yet resulted in a 15% correction in the share price. Analysts are adjusting their targets but continue seeing substantial upside, leading the market to new heights. Weak guidance or not, Meta is looking ahead to a solid year and will likely outperform its targets.

Marketbeat.com is tracking more than a dozen analysts' revisions that suggest a 20% to 50% upside from the post-release price point. Most revisions are lower but range from slightly below the consensus to well above it. Several revisions are higher and also align with a consensus-or-higher outlook for share prices. The takeaway is that the consensus target, up 135% in twelve months, aligns with the all-time high share price and continues to rise. The price action in Meta may be volatile over the next few weeks or months, but a bottom for the market is close, and a rebound is on the way.

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