35 Trending AI Stocks on Latest News and Analyst 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. Raymond James analyst Josh Beck recently raised the price target on the stock to $650 from $600 and kept a Strong Buy rating on the shares. Heading into digital advertising earnings season, the advisory retained its constructive stance on Meta Platforms and Reddit. Raymond James’s ad agency checks suggested 1%-1.5% Q3 growth upside on total ad spend with outperformance skewed towards Meta and Google. The tech titan recently announced new ways for advertisers to improve their campaign performance with updates to the video ecosystem, creator content, and a suite of generative AI creative tools.

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