So, Meta Platforms (META) is doing that thing where a big tech company decides it needs to get serious about AI. Not just for its products, but for how it runs itself. The person in charge of making that happen internally? Chief Technology Officer Andrew Bosworth.
He's now leading the company's "AI For Work" initiative, taking the reins from Guy Rosen. The idea, according to an internal note reported by the Wall Street Journal, is to move faster and operate more efficiently. You know, to keep up with those smaller, nimbler rivals who were born in the AI era.
Bosworth pointed to early pilots and rapid adoption of AI tools across teams as signs things are picking up steam. The goal is to use AI across all 78,000 employees to speed up workflows, simplify the corporate structure, and basically reshape the daily grind.
It's not just theoretical. Employees are already building and using tools like "MyClaw," which can tap into internal data and interact with colleagues. Even CEO Mark Zuckerberg is reportedly developing an AI agent to help with his own work. Alongside this cultural shift, Bosworth is overseeing a new AI-focused organization that supports teams building large language models, all while aiming for leaner team structures. He also emphasized the need to unify Meta's internal systems so teams can build AI tools on a consistent foundation.
So, what does the street think about all this internal reshuffling and AI ambition?
Rosenblatt analyst Barton Crockett is still bullish. He's keeping a Buy rating on Meta with a price target of $1,117. He sees Meta's recent moves—like its push into nuclear energy, the "Meta Compute" initiative, leadership changes, and even job cuts in its Reality Labs division—as deliberate steps to support a massive data center expansion and its ambitions in artificial general intelligence (AGI).
Crockett also points to potential growth in augmented reality glasses and continued strength in the advertising business as other key drivers. Sure, Meta plans to spend heavily, but he believes AI-driven revenue growth and improving momentum in AR could help balance the books, leaving room for the stock to move higher.
Speaking of the stock, let's look at the technical picture. Meta is trading 5.7% below its 20-day simple moving average and 7.2% below its 100-day SMA. That keeps the intermediate trend pointed down, even as the stock tries to find a bottom. Shares are down about 5.33% over the past year and are hanging out closer to their 52-week lows than their highs.
The Relative Strength Index (RSI) is at 34.52, which is in neutral territory but leaning toward what traders might call "washed-out" conditions if selling picks up again. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -14.8185 and remains below its signal line at -9.8841. That's a bearish configuration suggesting any rallies could still face some overhead pressure. The combo of an RSI in the 30–50 range and a bearish MACD points to mixed momentum right now.
- Key Resistance: $673.00
- Key Support: $581.50
The analyst consensus for the stock is a Buy rating, with an average price target of $851.03. Some recent moves include:
- Tigress Financial: Strong Buy (Raised target to $945.00 on March 18)
- Wells Fargo: Overweight (Raised target to $856.00 on February 23)
- Argus Research: Buy (Maintained target at $800.00 on February 2)
For ETF investors, Meta is a major holding in a few funds, which means big flows into or out of these ETFs can trigger automatic trades in the stock.
- Capital Group Growth ETF (CGGR): 8.03% Weight
- Natixis Loomis Sayles Focused Growth ETF (LSGR): 8.02% Weight
- Invesco Nasdaq Internet ETF (PNQI): 9.12% Weight
Meta Platforms shares were up 1.13% at $599.63 in premarket trading on Wednesday.
