May 29 - Meta's (META, Financial) artificial intelligence assistant has reached one billion monthly active users across its apps, CEO Mark Zuckerberg said during the company's annual shareholder meeting on Wednesday.
The milestone follows the April launch of a stand-alone app for the assistant, which is integrated across platforms like Facebook, Instagram, and WhatsApp. Zuckerberg said Meta plans to deepen personalization, voice interaction, and entertainment features for the tool this year.
While the product remains free, Meta is exploring future monetization options. These could include paid recommendations or a subscription service that would grant access to enhanced computing power, Zuckerberg told investors.
Meta has yet to outline a formal business model around the AI tool, but the company appears focused on expanding the product's reach first.
The meeting also covered 14 shareholder items, including nine investor proposals. Preliminary results showed that resolutions not backed by the board, such as calls to end the company's dual-class share structure, were unlikely to pass.
Among the proposals, one from JLens urged Meta to issue an annual report on hate content. Final voting results will be published within four business days on Meta's website and with the U.S. Securities and Exchange Commission.
Is META Stock a Buy?
Based on the one year price targets offered by 60 analysts, the average target price for Meta Platforms Inc is $706.21 with a high estimate of $935.00 and a low estimate of $466.00. The average target implies a upside of +9.73% from the current price of $643.58.
Based on GuruFocus estimates, the estimated GF Value for Meta Platforms Inc in one year is $531.47, suggesting a downside of -17.42% from the current price of $643.58.
