10 AI Stocks to Watch Now

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On April 9, Bank of America reiterated the stock as “Buy” but lowered its price target to $640 from $765 due to growing macroeconomic uncertainty.

The analysts told investors in a research note how they believe that ad spending pressure will materialize due to the latest tariff announcements and other negative headlines. The firm is lowering its ad spend estimates for Meta, which has deeper ad auctions, a higher mix of direct response revenues, and a 2%-3% foreign exchange benefit, by roughly 4%.

Last Saturday, the company unveiled the first models from its latest open-source artificial intelligence software, Llama 4. However, its biggest and most powerful Llama 4 model, the Llama 4 Behemoth model, is still in training and is yet to be released.