11 AI Stocks Shaking Up Wall Street Today

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On March 25, Justin Post from Bank of America Securities maintained a “Buy” rating on the stock.

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $775 implies a 24% upside, however, the Street-high target of $900 implies an upside of 44%.

Meta Platforms Inc. has been working hard in the artificial intelligence arena. According to CEO Mark Zuckerberg, 2025 will be “a defining year for AI”. However, a recent attempt toward this goal has proven unsuccessful.

Only yesterday, Bloomberg reported that Korean chip startup FuriosaAI, a company that designs and develops data center accelerators for AI models and applications, has reportedly turned down an $800 million takeover offer from Meta. Local media reports revealed that there were disagreements over post-acquisition business strategy and organizational structure, causing the negotiations to break down.