10 AI Stocks on Wall Street’s Radar

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

Number of Hedge Fund Investors: 273

On June 2nd, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on Meta Platforms, Inc. (NASDAQ:META) with a $750.00 price target.

The analysts pointed out the importance of artificial intelligence (AI) skills in the workforce, citing Meta’s claim that workers having AI-related skills could help boost their wages by as much as 20%. This claim highlights the value of developing AI competencies among employees.

Drawing a comparison with trends noted in platforms such as Upwork, it was revealed that freelancers engaging in AI-related tasks on the platform earn 44% more than those who do not. This data point further signifies the importance of artificial intelligence skills, particularly in the gig economy.

The firm further highlighted how Meta’s focus on AI skills and impact on wage growth highlights how Meta remains committed to advancing AI in its business strategy. It is highly confident in the company’s potential for growth as it ramps up the use of the said technology.

Meta Platforms, Inc. (NASDAQ:META) is a global technology company.