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Meta Platforms, Inc. (NASDAQ:META) is one of the

6 Cheap Stocks to Buy According to Bill Ackman.

Social media giant Meta Platforms, Inc. (NASDAQ:META)’s shares are down by 18.8% over the past year and by 13% year-to-date. The firm started June out on a busy note as it introduced a new tier of its popular social media application, Instagram. Called Instagram Plus, the tier will allow users to post stories for 48 hours, curate their viewer list, and avail other features. On the 3rd, at its Conversations conference in London, Meta Platforms, Inc. (NASDAQ:META) introduced a new AI agent for businesses. The software will enable users to book appointments, close sales, and conduct other operations.

Multiple analysts have also discussed Meta Platforms, Inc. (NASDAQ:META)’s shares this month. For instance, Morgan Stanley reiterated a $775 share price target and its status as a top pick. The bank remarked that the technology firm could generate more than $10 billion in recurring revenue simply through its Meta AI platform and search monetization. On the 2nd, Arete upgraded the shares to Buy from Neutral and raised the share price target to $735 from $614. Some factors that the firm discussed in its coverage included Meta Platforms, Inc. (NASDAQ:META)’s subscription growth and cost base.

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Impax US Sustainable Economy Fund discussed Meta Platforms, Inc. (NASDAQ:META) in its Q1 2026 investor letter:

“Meta Platforms, Inc. (NASDAQ:META) (Communication Services, Interactive Media & Services) is not held in the portfolio due to its unfavorable Corporate Resilience profile, including below-average scores on social risk management and governance. The stock declined materially during the quarter, reflecting broader de-rating of large-cap technology names and concerns around slowing digital advertising growth in a weaker consumer environment. The portfolio’s zero weight, given Meta’s meaningful benchmark position, made this the second-largest positive active contributor.”

While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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