Meta shares dip 9% but remain a cautious Buy with strong Q1 growth and $640 intrinsic value.

Meta Platforms reported strong Q1 2026 results with 33% revenue growth, 62% EPS growth, and nearly 20% free cash flow growth year-over-year. Despite a recent 9% stock pullback, the company's intrinsic value is estimated at $640.11 per share, making it a cautious Buy. Advertising remains Meta's main revenue driver, though growth is expected to slow as the market saturates. Efforts to diversify into hardware and subscriptions are ongoing but currently contribute minimally to revenue.