Piper Sandler Reiterates Overweight Rating on Meta Platforms (META) Stock

Piper Sandler reiterated an “Overweight” rating on Meta Platforms (NASDAQ: META) on June 25, maintaining a $800 price target. Analyst Thomas Champion argued that Meta’s AI-powered agents and its business messaging offer an underappreciated opportunity. The note pointed to growth already visible through automated business messaging on WhatsApp in emerging markets, and referenced Meta’s recently announced Business Agent product. Earlier in the month, Reuters reported Meta released an AI agent designed to help businesses handle day-to-day operations, positioning the company within the broader enterprise AI market. The article also lists core Meta services including Facebook, Instagram and WhatsApp, and says Meta develops platforms for sharing and connecting across devices such as PCs, mobile, VR headsets and AI glasses.