5 Best Forever Stocks To Buy Now

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

Number of Hedge Fund Holders: 234

Ivan Feinseth at Tigress Financial maintained a Strong Buy rating and a $435 price target on Meta Platforms, Inc. (NASDAQ:META) on November 22.

Meta Platforms, Inc. (NASDAQ:META) is a communication services company. It is based in Menlo Park, California.

In total, 234 hedge funds were long Meta Platforms, Inc. (NASDAQ:META) in the third quarter, with a total stake value of $35.2 billion.

This is what White Brook Capital Partners said about Meta Platforms, Inc. (NASDAQ:META) in its third-quarter 2023 investor letter:

“The magnificent seven, that underpin the S&P 500 performance, which includes Meta Platforms, Inc. (NASDAQ:META), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”