Billionaire Ken Fisher’s Top 10 High Growth Stock Picks

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

Net revenue growth in the past 12 months: 23.06%

Meta Platforms, Inc. (NASDAQ:META)  is a leading technology company specializing in social media, virtual reality (VR), and artificial intelligence (AI). The company operates a suite of widely used platforms, including Facebook, Instagram, WhatsApp, and Oculus, designed to connect people and enable immersive digital experiences.

On January 8, 2025, CEO Mark Zuckerberg announced the replacement of Meta’s fact-checking program on Facebook and Instagram with a “Community Notes” feature, modeled after a similar system used by X (formerly Twitter). The change is designed to reduce errors, streamline policies, and promote free speech across its platforms.

In Q3 2024, Meta Platforms, Inc. (NASDAQ:META) reported a 19% year-over-year revenue increase, reaching $40.6 billion, driven largely by advertising revenue of $39.9 billion (an 18.7% rise). These results were boosted by AI-driven enhancements in content recommendations and ad targeting, which led to a 7% increase in ad impressions and an 11% rise in average ad price.

Meta Platforms, Inc. (NASDAQ:META)’s adoption of advanced AI technologies has also spurred higher user engagement, with over 500 million users interacting with its chat assistant across applications. New products such as the Threads app and the Llama 2 AI model have further diversified its portfolio. Threads, in particular, has grown to nearly 275 million monthly active users, with over 1 million daily sign-ups, highlighting strong user adoption.

To support these initiatives, Meta’s capital expenditures are projected to rise to $53.4 billion in 2025. These investments are essential to sustain growth in AI-driven services and new product development.

Jefferies analysts recently raised their price target for Meta Platforms, Inc. (NASDAQ:META) to $715, citing its potential as a leader in consumer AI technologies.