10 Best Stocks to Buy According to Billionaire Chris Rokos

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

Rokos Capital Management’s Stake as of Q4 2024: $274.54 million

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) is a renowned technology company best known for its flagship platforms, Facebook, Instagram, and WhatsApp, as well as its pioneering breakthroughs in augmented reality (AR) and virtual reality (VR).

On April 17, Truist Securities lowered its price target for Meta Platforms, Inc. (NASDAQ:META) from $770 to $700 while maintaining a Buy rating on the stock. The firm justified its change by citing the probable impact of tariffs, notably on Chinese direct-to-consumer imports, as well as a weaker US consumer market. Meta Platforms, Inc. (NASDAQ:META) is expected to announce revenues for the first quarter in line with consensus projections, with the upper end of its guidance at $41.7 billion, representing a 14% growth year-over-year. Truist also revised its growth forecasts for the second quarter and the full year of 2025 in response to the aforementioned tariff implications. The firm expects Meta Platforms, Inc. (NASDAQ:META) management to issue second-quarter revenue projections ranging from $41.5 billion to $44 billion, reflecting a 6% to 13% increase.

Meta Platforms, Inc. (NASDAQ:META) achieved a record $164.5 billion in total revenue in 2024, a 22% increase from 2023. Its net income increased by 59% to a record $62.3 billion in 2024, equivalent to $23.86 in EPS. In fiscal Q4 2024, the total amount of ad impressions supplied across Meta Platforms, Inc.’s (NASDAQ:META) services increased by 6%.

Nightview Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q4 2024 investor letter:

“Core Opportunity: Meta Platforms, Inc.’s (NASDAQ:META) platforms—Instagram, Facebook, WhatsApp, and Messenger—reach nearly half the world’s population daily, making it one of the most powerful advertising ecosystems globally. With investments in AI and augmented reality (AR), we believe Meta is also creating significant optionality for long-term growth.

Competitive Advantage: Thriving Core Platforms: In Q3, we saw Meta achieve a 23% YoY revenue growth,—a testament to strong user engagement across its ecosystem. The advertising landscape as a whole continues to evolve and we believe Meta’s existing platforms offer a defined advantage in this new world. Existing platforms in the age of AI continue to be the most powerful indicator of future success in our opinion.

AI Leadership: Meta’s AI capabilities and the Llama AI model are driving efficiency and product innovation. In our view, these assets have been under-appreciated by the market while enhancing Meta’s ability to further scale and innovate its leading advertising business…” (Click here to read the full text)