10 AI Stocks Making Waves on Wall Street

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

Number of Hedge Fund Investors: 273

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 AI Stocks Making Waves on Wall Street.  On January 29, Evercore ISI analyst Mark Mahaney raised the price target on the stock to $900.00 (from $875.00) while reiterating an “Outperform” rating. The firm’s rating affirmation follows META’s beat and raise quarter, with analysts noting AI-driven revenue inflection and momentum heading into 2026.

“We reiterate our Outperform rating on META and raise our PT from $875 to $900 (25% upside), based on 25X our ’27 EPS of $36, in the wake of Beat & Raise Q4 EPS results.”

Evercore ISI highlighted how META has issued an aggressive fiscal year 2026 capital expenditure guidance, anticipating capex growth of an estimated $55 billion and total expenditure growth of 40%.

The firm, however, noted that the after-market rally was particularly driven by stronger-than-expected Q4 revenue results, stronger-than-expected Q1 revenue outlook, and Meta’s implied $50 billion step-up in 2026 revenue. All of this is an implication that META is at an AI-driven revenue inflection point.

The firm further noted how Meta’s management asserted that it seeks to be an AI leader, and that the company’s  fourth quarter results and 2026 outlook support management’s assertion that Meta seeks to be an AI leader.

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 Analysts Are Watching and 10 AI Stocks in Focus on Wall Street

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.