Ramish Cheema

Thu, June 11, 2026 at 1:30 PM EDT 3 min read

Meta Platforms, Inc. (NASDAQ:META) is one of the 13 Best Stocks to Invest In According to Billionaire Ken Griffin.

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.

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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. While Meta reported strong quarterly results with 24% year-on-year revenue growth and 41% operating margins, and issued a solid Q1 revenue guidance of 29% year-on-year growth rate at the high end (in constant currency), management guided to full-year 2026 operating expenses above Street expectations, implying a 40% increase year-on-year, and raising concerns that it may be overspending on AI for less clear returns relative to competitors. Near the end of the quarter, Meta also lost a jury verdict finding that its design choices led to user harm. Additionally, broader ad budgets became more uncertain due to the conflict in Iran. While we continue to monitor the regulatory landscape, we believe the company can drive premium revenue and profit growth in the foreseeable future. Meta benefits from AI investments across its core business, driving improvements in content recommendations (with rising time spent) and in ad targeting and ranking (leading to higher conversions and better return on ad spend). Longer term, Meta's leadership in mobile advertising, massive user base, innovative culture, leading generative AI capabilities, and technological scale, position it well for continued strong performance, with additional monetization opportunities ahead in areas such as smart glasses and commerce."