Wall Street analysts have identified Meta Platforms (META) as a top large-cap buy, with one firm setting a 12-month price target of $799.31, implying 43.58% upside from its current trading price of $556.71. This outlook comes despite Meta's Q2 2026 diluted EPS of $6.18 missing the $7.22 estimate, which analysts attribute to one-time legal and severance charges totaling $3.58 billion. Analysts highlight the underlying strength of Meta's advertising business, which saw revenue grow 27.96% year-over-year to $60.80 billion in Q2, arguing that the stock is undervalued near its 52-week lows.