12 AI Stocks on Wall Street’s Radar

Page 9 of 11

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On April 16, Cantor Fitzgerald lowered the firm’s price target on the stock to $624 from $790 and kept an “Overweight” rating on the shares. With the Q1 earnings season for the firm’s internet coverage sector kicking off next week, results are likely going to be “mixed” due to growing macro uncertainties, tariff impacts, and consumer pull-in ahead of tariffs.

The firm believes that the best way to “generate alpha” in the earnings season is to adopt a defensive strategy with the potential to play idiosyncratic themes. The firm also believes that the overall economy will slow down, and this degree of macro slowdown is factored into Q2 and second-half estimates.

Page 9 of 11