35 Trending AI Stocks on Latest Analyst Ratings and News

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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. Truist analyst Youssef Squali recently raised the price target on the stock to $650 from $570 and kept a Buy rating on the shares. The advisory expects the company’s Q3 results to come in at the high end of guidance of 13%-20% for revenue growth amid sustained social ad demand and higher CPM. Meta’s AI investments also continue to drive better ranking and recommendation results for users and advertisers, the advisory added.

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