Mark Zuckerberg, the CEO of social media giant Meta Platforms (META), is taking a much more hands-on approach as part of the company’s AI push. According to Semafor, he has moved his desk into the AI lab and is now coding throughout the day. Notably, President and Vice Chairman Dina McCormick explained that Zuckerberg believes he needs to understand the technology deeply in order to build the strongest AI models.
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At the same time, McCormick pointed out how much faster Meta operates than her previous employers. Having worked at Goldman Sachs (GS) and as Deputy National Security Advisor under President Donald Trump, she said that the pace at Meta is much quicker than both Wall Street and the government. This speed is becoming more important as the company rolls out new AI products. For example, Meta recently launched its Muse Spark model, which is part of its Superintelligence team’s work, and early data shows strong interest from users.
In fact, downloads of Meta’s AI app on iOS in the U.S. jumped 87% in just one day following the launch, according to Sensor Tower. However, while the company is seeing momentum in AI, it is also dealing with legal challenges. McCormick said Meta disagrees with recent rulings related to harm to teen mental health and is appealing those decisions. Even so, she emphasized that the company is taking the issue seriously by working to reduce harmful content and give parents more control.
What Is the Price Target for Meta?
Turning to Wall Street, analysts have a Strong Buy consensus rating on META stock based on 39 Buys, six Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average META price target of $855.46 per share implies 28.9% upside potential.
