10 Best Major Stocks to Buy According to Hedge Funds

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

No. of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company that connects people and shares, finds communities and grows businesses. The company owns Instagram, Whatsapp, Facebook, Messenger, and Thread applications.

On February 11, Tigress Financial analyst Ivan Feinseth upgraded the price target on META shares from $645 to $935 and kept a Strong Buy rating on the shares. The analyst keeps a strong buy rating as Meta is exploring AI-driven opportunities for its social media platforms. Feinseth sees a significant upside, driven by the company’s ongoing potential to monetize many of its critical applications and technologies.

Meta Platforms, Inc. (NASDAQ:META) has made an accounting shift which is expected to reduce its depreciation expense by $2.9 billion in 2025. This will increase the company’s estimated pre-tax profits by 4% for 2025. Moreover, the company is planning to spend over 75% on capital expenditures to enhance its AI capabilities.