Meta Platforms, Inc. (NASDAQ:META) is one of the 6 Cheap Stocks to Buy According to Bill Ackman.
Social media giant Meta Platforms, Inc. (NASDAQ:META)’s shares are down by 18.8% over the past year and by 13% year-to-date
The firm started June out on a busy note as it introduced a new tier of its popular social media application, Instagram. Called Instagram Plus, the tier will allow users to post stories for 48 hours, curate their viewer list, and avail other features. On the 3rd, at its Conversations conference in London, Meta Platforms, Inc. (NASDAQ:META) introduced a new AI agent for businesses.
The software will enable users to book appointments, close sales, and conduct other operations. Multiple analysts have also discussed Meta Platforms, Inc. (NASDAQ:META)’s shares this month. For instance, Morgan Stanley reiterated a $775 share price target and its status as a top pick.