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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 through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. Jefferies analyst Brent Thill released an investor note on the company following the keynote address of Meta chief Mark Zuckerberg at the Meta Connect event, reiterating a Buy rating on the stock with a price target of $600.

Thill underlined that the keynote had left analysts more bullish on the consumer and enterprise AI opportunities for Meta Platforms, Inc. (NASDAQ:META). Thill added that on the consumer front, there were bullish views on the impressive traction for Meta AI, with about 500 million monthly active users, and saw potential for new image, translation and voice capabilities to boost core engagement.

On the enterprise side, per the analyst, Llama was becoming a serious contender and the advisory saw momentum building with the new multimodal capabilities.

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