Meta Platforms, Inc. (NASDAQ:META) is one of the best major stocks to invest in right now. Wolfe Research cut the price target on Meta Platforms, Inc. (NASDAQ:META) to $800 from $850 on January 5 and reaffirmed an Outperform rating.
In a separate development, Meta Platforms, Inc. (NASDAQ:META) reported on December 30 its decision to acquire Chinese-founded AI startup Manus in an attempt to expedite its efforts for the integration of advanced AI across its platforms. The company did not release the financial terms of the transaction, but stated that it would operate and sell the Manus service while integrating it into its consumer and business products, including in Meta AI.
Following the acquisition announcement, Rosenblatt reaffirmed a bullish outlook on Meta Platforms, Inc. (NASDAQ:META), giving the stock a Buy rating with a $1,117 price target on December 30. The firm told investors that the deal offers Meta Platforms, Inc. (NASDAQ:META) control of a “rocket-ship grower” in SMB-focused agentic AI, and that it sees a suitable fit between the company’s rising WhatsApp SMB base and Manus. Rosenblatt added that the deal’s implications go beyond WhatsApp, as it also fits well with CEO Mark Zuckerberg’s vision of personal AI and AI agents performing a more significant role in the company’s apps.
Meta Platforms, Inc. (NASDAQ:META) builds technological products that allow people to share, connect, grow businesses, and find communities. These products help people connect through personal computers, mobile devices, virtual reality (VR), mixed reality (MR) headsets, and wearables.
While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
