5 Stocks ChatGPT Said Will Make Me Rich in 10 Years

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

Number of Hedge Fund Holders: 225

Returns Since March 16: 43.6%

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

Meta Platforms, Inc. (NASDAQ:META) had 225 hedge funds long its stock in the second quarter, with a total stake value of $30.9 billion.

Joseph Bonner at Argus Research maintains a Buy rating and a $375 price target on Meta Platforms, Inc. (NASDAQ:META) shares as of August 1.

Here’s what Weitz Investment Management said about Meta Platforms, Inc. (NASDAQ:META) in its second-quarter 2023 investor letter:

“Meta Platforms, Inc. (NASDAQ:META) shares more than doubled this year (and tripled off their November 2021 low) as management’s austerity measures bolstered profitability, and operating results demonstrated that Meta’s advertising business is regaining momentum. We trimmed several of the year’s winners on strength, including Meta, Microsoft, Alphabet, CoStar Group, Inc. (CSGP), and CarMax.”

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