10 AI Stocks on Analysts’ Radar Right Now

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

Number of Hedge Fund Investors: 273

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 AI Stocks on Analysts’ Radar Right Now. On July 18, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $750.00 price target. The firm believes that artificial intelligence is benefiting every aspect of the company’s core advertising business.

“Stocks often do not work when going through an investment cycle but AI benefits every aspect of Meta’s core advertising business. AI makes Meta’s content more engaging, creating more ad impressions, and making its ads more relevant, increasing click-through rates and conversions. To that end, we believe more compute and access to better models can help to sustain revenue growth and we moderately increase our growth estimates for Meta. While we are incrementally cautious on Meta given this investment cycle, we maintain our Market Outperform rating and unchanged price target of $750 based on `~26x 2026E GAAP EPS OF $28.56. With Meta under earning given its investments in Facebook Reality Labs and XR/VR, its best in-class advertising platform that continues to improve with AI, and optionally with Meta AI glasses, we justify Meta’s premium P/E valuation relative to Google and the market overall.”