BMO Capital reiterated a Market Perform rating and $710 price target on Meta Platforms (META) following the announcement that Meta would acquire AI agent startup Manus for roughly $2B. The firm noted that Manus scaled from $0 to $100M in ARR in eight months, underscoring the AI company’s ability to successfully monetize AI. The deal should be an incremental positive for Meta’s roughly $121B 2026 AI spend, which has lacked the clear/immediate return on investment hyperscalers are realizing from their AI inv ...