11 Trending AI Stocks on Latest News and Ratings

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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. On November 6, Loop Capital analyst Rob Sanderson raised the price target on the stock to $655 from $575 and kept a Buy rating on the shares. In an investor note, Sanderson detailed that the company delivered a solid beat-and-raise Q3 as its AI leadership driven by a massive infrastructure moat and superior data scale was becoming more apparent. He added that Meta’s continued improvement in near-term results, driven by AI and longer-term opportunities from a multitude of gen-AI efforts, could sustain the upward motion of the stock’s valuation beyond the 30-times earnings multiples seen among other mega-cap tech leaders.

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