5 Trending Stocks to Watch Today

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

Number of Hedge Fund Holders: 184

Meta Platforms, Inc. (NASDAQ:META) came into the spotlight this morning after BofA lowered its ratings for the social network giant from “Buy” to “Neutral,” citing weak sales growth for Q4 and fiscal 2023. The research firm also slashed its price target for META stock from $196 per share to $150 per share.

The downgrade came just before the company’s Q3 results. Meta Platforms, Inc. (NASDAQ:META) is scheduled to report its third-quarter profit and sales after the closing bell on Wednesday.

Meanwhile, investment firm Altimeter Capital Management urged Meta Platforms, Inc. (NASDAQ:META) to trim jobs and reduce capital costs. The technology-focused hedge fund gave these suggestions in an open letter to CEO Mark Zuckerberg.

You can also take a peek at Long-Term Stock Portfolio: Best Tech Stocks and 13 Best Cybersecurity Stocks To Buy.

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