10 AI Stocks In The Spotlight For Investors

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

Number of Hedge Fund Investors: 260

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 AI Stocks In The Spotlight For Investors. On October 7, Wells Fargo analyst Ken Gawrelski raised the firm’s price target on the stock to $837 from $811 and kept an Overweight rating on the shares.

The firm is raising estimates driven by continued ads strength, in turn supported by a stable economy and investments that drive impression growth and conversion improvement.

It also expects Q4 guide ahead, seeing above 20% growth crucial to ease concerns about emerging competition for engagement.