12 Must-See AI News and Ratings You Might Have Missed

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On January 30, Scotiabank analyst Nat Schindler raised the firm’s price target on the stock to $627 from $583 and kept a “Sector Perform” rating on the shares. According to the firm, Meta has reported strong metrics throughout Q4, demonstrating broad-based strength and boasting a revenue beat. However, their concern regarding containing costs and driving monetization through AI over the years remains. The firm acknowledges Meta’s needs to continue its advancements but is uncertain whether these will contribute to the company’s earnings growth.

While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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