5 Best Stocks to Buy According to Billionaire Jeffrey Talpins

3. Meta Platforms Inc. (NASDAQ:META)

Element Capital’s Stake: $22.8 million 

Social media giant Meta Platforms Inc. (NASDAQ:META)’s shares are among the weakest performers in its mega cap peers. They are down by 18.8% over the past year and by 10% year-to-date. Piper Sandler discussed the firm on June 25th as it reiterated an $800 share price target and an Overweight rating on the shares. The financial firm remarked that Meta Platforms Inc. (NASDAQ:META) might be able to benefit from the untapped potential of agentic artificial intelligence and business agents. Piper Sandler’s discussion focused on the social media and software firm’s Business Agent platform, which is an AI powered agent available on the firm’s social media and connectivity platforms.

On July 3rd, Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg made important remarks about agentic AI. The executive, according to recordings quoted by Reuters, remarked that the “trajectory of the agentic development over at least the last four months hasn’t really accelerated in the way that we expected.” Zuckberg also shared that the timing of Meta Platforms Inc. (NASDAQ:META)’s latest layoffs appeared to be suboptimal.