10 Good Stocks to Buy According to Hedge Funds

3. Meta Platforms Inc. (NASDAQ:META)

No of Hedge Fund Holders: 262

Meta Platforms Inc. (NASDAQ:META) is focused on connecting people and enabling digital communities through social media, virtual reality (VR), and mixed reality (MR) experiences. It operates through two main segments: Family of Apps (FoA), which includes Facebook, Instagram, Messenger, Threads, and WhatsApp, and Reality Labs (RL), which develops VR and MR hardware, software, and content.

Meta Platforms Inc. (NASDAQ:META) is doubling down on AI infrastructure. The company aims to secure $35 billion in financing, led by Apollo Global Management, to expand U.S. data centers and meet the rising computational demands of artificial intelligence. In a strategic push toward AI monetization, the company also announced plans to launch a paid subscription service for its AI chatbot in Q2 2025, positioning itself to compete with advanced AI offerings in the market.

Meta Platforms Inc. (NASDAQ:META) posted strong full-year 2024 results, with revenue rising 22% YoY to $164.5 billion. This was driven by a 10% increase in the average ad price and 11% growth in ad impressions across its platforms. Total expenses grew 8% YoY to $95.1 billion, while free cash flow surged to $52.1 billion, reinforcing the company’s financial strength. Capital expenditures reached $39.2 billion, reflecting continued investments in AI and data infrastructure.

On February 11, 2025, Ivan Feinseth of Tigress Financial maintained his “Strong Buy” rating on the stock while raising the price target from $645 to $935.