Meta Platforms, Inc. (NASDAQ:META) is one of the Social media giant Meta Platforms, Inc. (NASDAQ:META) is busy making moves in the artificial intelligence industry.
The firm added more features to its Meta Business Agent on June 3rd and explained that the software enables businesses to run customer relationship management and improve internal operational efficiency
Additionally, according to a report from Green Street News Infrastructure, Meta Platforms, Inc. (NASDAQ:META) is also having discussion with data center developer CleanSpark to secure data center space. The firm’s shares are down by 14% over the past year and by 9% year-to-date. UBS discussed Meta Platforms, Inc. (NASDAQ:META)’s shares on June 4th as it reiterated a Buy rating and a $865 share price target for the firm.
The bank commented that the social media company was on its way to monetize the Business Agent chatbot. Meta Platforms, Inc. (NASDAQ:META)’s forward price-to-earnings multiple of 19.16 is significantly lower than the broader market’s 30.89. Photo by austin-distel on Unsplash Baron Durable Advantage Fund stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q1 2026 investor letter: “Shares of Meta Platforms, Inc. (NASDAQ:META), the world’s largest social network, declined 13.3% in the first quarter.