Goldman Sachs Tech Stocks: 10 Stocks to Buy

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

Number of hedge fund owners – 235

Meta Platforms, Inc. (NASDAQ:META), formerly known as Facebook Inc., is a leading provider of social networking, advertising, and business insight solutions. Through its major products such as Facebook, Instagram, Messenger, WhatsApp, and Oculus, Meta connects billions of users worldwide, facilitating personal communication and enabling businesses to reach global audiences.

In Q4 of 2024, Meta Platforms, Inc. (NASDAQ:META) reported a year-over-year revenue increase of 20.63%, outperforming several of its industry peers.

As of March 1, 2025, Meta’s stock has declined approximately 18% from its mid-February record high, yet it remains the only member of the “Magnificent Seven” mega-cap technology stocks to be in positive territory for 2025, up nearly 4% year-to-date.

Despite recent stock fluctuations, Meta Platforms, Inc. (NASDAQ:META) continues to invest heavily in artificial intelligence (AI) and virtual reality (VR). Notably, the company is developing Llama 4, a voice-powered AI aimed at competing with OpenAI and Google, enhancing digital user experiences. Financially, it maintains a strong balance sheet with $77.8 billion in cash and marketable securities, providing a solid foundation for ongoing investments and innovation. Meta Platforms Inc. (NASDAQ:META) reported a trailing twelve-month (TTM) revenue of $164.5 billion, with an average price target of $762.48 from 73 analyst ratings, 86% of which indicate a Strong Buy.