Meta's Manus deal has potential to be like Instagram and WhatsApp - Rosenblatt

Rosenblatt analyst Barton Crockett reiterated a Buy rating and $1,117.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst commented: "Meta's announcement of a deal to acquire Manus gives Meta control of a rocket-ship grower in SMB-focused agentic AI. We see a natural fit into Meta's fast-growing, WhatsApp SMB footprint, with extensions into CEO Mark Zuckerberg's agentic-rich vision of personal AI. Time will tell, but the initial read has to be that this deal has potential to stand with Meta's acquisitions of Instagram in 2012 and WhatsApp in 2014 as potentially transformative for the company."

For an analyst ratings summary and ratings history on Meta Platforms Inc. click here. For more ratings news on Meta Platforms Inc. click here.

Shares of Meta Platforms Inc. closed at $658.69 yesterday.

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