Meta Acquires Manus AI to Accelerate AI Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19h ago
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Source: Benzinga
- Acquisition Acceleration: Meta Platforms Inc. has acquired the rapidly rising Chinese startup Manus AI to accelerate its artificial intelligence strategy, and while the financial terms of the deal remain undisclosed, this move is expected to enhance Meta's capabilities in automation and multi-step task handling.
- Technology Integration: Manus AI's general-purpose AI agents are designed to function like digital employees capable of executing research and automation tasks, and Meta plans to integrate this technology into Meta AI and other products, thereby enhancing the intelligence level of its offerings and competitive positioning in the market.
- Investment Context: This acquisition follows Meta's earlier $29 billion investment in Scale AI, indicating a sustained commitment to AI and a strategic focus that further solidifies its leadership position in the industry.
- Market Reaction: Despite Meta's shares declining by 0.69% during regular trading hours and an additional 0.27% in after-hours trading on Monday, the company maintains a positive price trend in the short term, reflecting market interest in its long-term AI strategy.
META
$665.95+Infinity%1D
Analyst Views on META
Wall Street analysts forecast META stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for META is 832.06 USD with a low forecast of 655.15 USD and a high forecast of 1117 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
43 Analyst Rating
36 Buy
6 Hold
1 Sell
Strong Buy
Current: 658.690
Low
655.15
Averages
832.06
High
1117
Current: 658.690
Low
655.15
Averages
832.06
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
