CTO Takes Lead On Companywide AI Push
In a strategic move to enhance its competitiveness, Meta has appointed Chief Technology Officer Andrew Bosworth to lead the company’s efforts in integrating artificial intelligence throughout its workforce.
Bosworth will spearhead the “AI For Work” initiative, succeeding Guy Rosen. This initiative aims to accelerate Meta’s operations as it faces competition from smaller, AI-oriented companies.
In an internal communication, Bosworth indicated that the initial trials and swift adoption of AI tools among various teams suggest a growing momentum within the organization, according to a report by the Wall Street Journal.
Meta aims to implement AI across its 78,000-strong workforce to streamline workflows, simplify its organizational structure, and redefine everyday tasks.
CEO Mark Zuckerberg is also working on an AI agent to support his tasks, while team members are developing tools like “MyClaw,” designed to access internal data and facilitate communication among colleagues.
In conjunction with this transformation, Bosworth is establishing a new AI-centered organization to assist teams in developing large language models and to foster more agile team configurations.
He also stressed the importance of integrating Meta’s internal systems, enabling teams to create AI tools within a cohesive framework.
Analyst Sees Long-Term Upside From AI Strategy
Rosenblatt analyst Barton Crockett remains optimistic about Meta’s future, maintaining a Buy rating alongside a price target of $1,117. He emphasizes the company’s strategic positioning in AI.
Crockett views recent initiatives—including Meta’s nuclear energy project, the “Meta Compute” initiative, changes in leadership, and job reductions in Reality Labs—as strategic moves aimed at supporting data center growth and ambitions in artificial general intelligence (AGI). He also notes the potential for growth in augmented reality (AR) glasses and the continued strength of advertising as pivotal factors for success.
Despite planned significant investments, he believes that AI-driven revenue growth and improving momentum in AR could mitigate associated risks, providing room for favorable outcomes.
Technical Analysis
Currently, META is trading 5.7% below its 20-day simple moving average (SMA) and 7.2% below its 100-day SMA, suggesting a downward intermediate trend, even as the stock attempts to stabilize. Over the past year, shares have fallen by 5.33% and are closer to their 52-week lows than their highs.
The relative strength index (RSI) is recorded at 34.52, indicating neutral territory but trending toward “washed-out” conditions if selling pressure increases. Meanwhile, the MACD stands at -14.8185, remaining below its signal line at -9.8841, a bearish configuration that implies potential challenges for any upward price movements.
The combination of an RSI in the 30–50 range with a bearish MACD shows mixed momentum.
- Key Resistance: $673.00
- Key Support: $581.50
Meta Analyst Consensus
The stock holds a Buy rating with an average price target of $851.03. Recent analyst actions include:
- Tigress Financial: Strong Buy (Raises Target to $945.00) (March 18)
- Wells Fargo: Overweight (Raises Target to $856.00) (February 23)
- Argus Research: Buy (Maintains Target at $800.00) (February 2)
Top ETF Exposure
Significance: Given META’s substantial weight in various funds, any significant inflows or outflows will likely lead to automatic buying or selling activities involving the stock.
META Stock Price Activity: As of Wednesday’s premarket trading, Meta Platforms shares saw a 1.13% increase, priced at $599.63, according to Benzinga Pro data.
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