Top 20 Trending AI News And Analyst Ratings

Page 16 of 19

4. 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. Latest reports, published by tech news website Tech Crunch, claim that the company could use the photos and videos that users take on the Ray-Ban Meta smart glasses to train its AI. The smart glasses were announced at a Meta event last month. The report further underlined that Emil Vazquez, the policy communications manager at Meta, had said that where multimodal AI was available, currently US and Canada, images and videos shared with Meta AI may be used to improve it per a Privacy Policy.

Wells Fargo analyst Ken Gawrelski recently raised the price target on Meta Platforms, Inc. (NASDAQ:META) stock to $652 from $647 and kept an Overweight rating on the shares ahead of its earnings report. The advisory predicted another robust quarter and solid forward quarter guide, but noted it was unlikely to materially alter Wells’ above-consensus 2025 EPS estimate of $27-plus. The stock is increasingly viewed as an AI winner, but it is likely range bound until 2025 OpEx/CapEx guide on Q4 2024 EPS call, the advisory added.

Page 16 of 19