11 AI News and Ratings You Should Not Miss

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

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. The company was on November 5 named among a basket of equities that investment advisory Wells Fargo believes have above-average growth potential. This Growth List, published by analysts at the advisory, was benchmarked against the Russell Midcap Growth Index. The companies included in the list all have a market value of at least $1.5 billion and annual revenue of at least $500 million. They also have the ability to generate at least a 5% compound annual growth rate in forward EPS over a multi-year period. For Meta, the advisory expects 20% EPS growth for the long term.