10 AI Stocks Analysts Say You Should Watch Closely

Page 9 of 9

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

Number of Hedge Fund Investors: 260

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 AI Stocks Analysts Say You Should Watch Closely. On Septemer 15, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating and $900.00 price target on the stock.

According to the firm, Meta is opening Reels trending ads to all advertisers through the holiday season. Early tests are showing these ads increase unaided awareness by 20%.

Overall, the firm believes that Meta is poised for continued growth in its advertising business.

“Meta opens Reels trending ads to all advertisers through the holiday season while we note early tests show Reels trending ads increase unaided awareness by 20% which compares to Youtube Select of 20% and TikTok Pulse of 14%. This as Meta (META, MO, $900) will begin testing Advantage+ catalog ads and app ads campaigns along with single image and video ads on Threads. Meta continues to have multiple levers to drive performance for advertisers while Threads has 400M+ MAUs and is an under monetized asset, in our view.”

While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks Gaining Attention on Wall Street  and 10 AI Stocks on Wall Street’s Radar

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9