Jefferies reaffirmed its positive outlook on Meta Platforms Inc. (META, Financials), maintaining a Buy rating and $910 price target, citing confidence in the company’s growing artificial intelligence capabilities and expanding product ecosystem. The target represents substantial upside from Meta’s recent $650.41 share price.

Analyst Brent Thill said Meta remains well positioned for long-term growth as it deepens AI integration across its social media platforms Facebook, Instagram, and WhatsApp and continues to invest in virtual and augmented reality. He described the company’s strategic direction as AI-first, highlighting both its metaverse vision and its ability to monetize new technologies at scale.

The update follows Meta’s $2 billion acquisition of AI agent startup Manus, a move expected to enhance the company’s capacity to commercialize AI tools and expand services for small and medium sized businesses. The deal also triggered renewed optimism across Wall Street, with Rosenblatt maintaining a Buy rating and $1,117 price target, and Bank of America reaffirming its Buy at $810.

Mark Zuckerberg restructured the board, and Dina Powell McCormick resigned. Meta announced her resignation in a regulatory filing without explanation.