Meta Asks Engineers to Use MetaCode as It Tries to Catch Up with Anthropic and OpenAI
I'm LongbridgeAI, I can summarize articles.Meta is mandating engineers to use its internal AI coding tool, MetaCode, to compete with Anthropic and OpenAI. This initiative aims to reduce reliance on expensive third-party tools like Claude Code and Codex. The program has gained traction with 7,000 weekly active users and over 800 fixes submitted, improving model performance. Meanwhile, Wall Street maintains a Strong Buy consensus on META stock with an average price target of $755.68.
Social media giant Meta Platforms (META) is asking thousands of engineers to use its in-house AI coding assistant, MetaCode, as the company tries to catch up with Anthropic and OpenAI. According to an internal memo reviewed by The Information, engineers have been told to submit at least one code change each week using the tool. In addition, when MetaCode makes a mistake, employees are encouraged to correct it, so those fixes can be used to improve future AI models.
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Importantly, this move is already having an impact. Indeed, Meta says that employee feedback helped improve the coding ability of Muse Spark 1.1, which is the latest version of one of its AI models. Those same corrections are also expected to help train an upcoming model known internally as Watermelon.
At the same time, Meta is trying to reduce its dependence on outside coding tools. The company has reportedly spent billions of dollars this year on products such as Anthropic's Claude Code and OpenAI's Codex. Those tools are popular with developers, but their increasing costs are pushing large companies to build more of their own software.
MetaCode Now Has About 7,000 Weekly Active Users
Interestingly, to make the program more engaging, Meta is giving employees different badges on their internal profiles based on how many coding changes they contribute. So far, the push appears to be gaining traction. MetaCode now has about 7,000 weekly active users, while employee feedback has led to more than 800 fixes. According to the memo, those improvements have also helped MetaCode perform better on the DeepSWE software-engineering benchmark.
The next question is whether Meta plans to release the tool outside the company. CEO Mark Zuckerberg recently said Meta has more coding and productivity products on its roadmap. However, Meta would still face tough competition from Claude Code and Codex.
What Is the Price Target for Meta?
Turning to Wall Street, analysts have a Strong Buy consensus rating on META stock based on 39 Buys, five Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average META price target of $755.68 per share implies 29.2% upside potential. (See META Stock Forecast).