12 Best Stocks to Invest in for the Next 3 Months

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

No. of Hedge Funds: 235  

Meta Platforms, Inc. (NASDAQ:META), formerly Facebook, is a leader in social media and virtual reality technologies. The company owns major platforms such as Facebook, Instagram, WhatsApp, and Oculus. Meta Platforms, Inc. (NASDAQ:META) is heavily investing in building the metaverse.

On October 30, Meta Platforms, Inc. (NASDAQ:META) reported financial results for the third quarter that ended on September 30. The tech giant generated $40.59 billion in revenue for the quarter, a 19% increase year-over-year. The company’s operating margin improved to 43%, up from 40% a year ago. Meta Platforms, Inc. (NASDAQ:META) focus on user engagement has driven notable growth, with Family Daily Active People (DAP) across its Family of Apps (FoA) reaching 3.29 billion, a 5% year-over-year increase. This growth demonstrates the effectiveness of AI-driven personalization, which enhances user experience and encourages greater interaction. Additionally, the company’s average price per ad increased by 11% year-over-year.

Meta Platforms, Inc.’s (NASDAQ:META) Reality Labs division, focused on virtual and augmented reality, reported a modest revenue of $270 million, representing a small portion of overall earnings. While this segment continues to incur losses in the near term, CEO Mark Zuckerberg emphasizes its long-term potential to redefine how people socialize, work, and transact in virtual environments. Meta Platforms, Inc. (NASDAQ:META)  is significantly investing in hardware, software, and content development.