10 Best Major Stocks to Buy According to Analysts

7. Meta Platforms Inc. (NASDAQ:META)

Potential Upside: 36.9%

According to a report released on July 6, Cantor Fitzgerald analyst Deepak Mathivanan maintained a Buy rating on Meta Platforms Inc. (NASDAQ:META) and a $750 price target. The firm’s price target is below the median Wall Street analyst price target of $818.66, based on 69 analysts covering the stock.

Ahead of a key trial scheduled for August, Meta Platforms Inc. (NASDAQ:META) is facing increased legal pressure. In a court filing on July 6, the company said that four U.S states are seeking $1.4 ​trillion in penalties. The states allege that Instagram and Facebook were designed to be addictive for young users and misrepresented the safety of the platform.

The company argued that the proposed penalty is not supported by evidence and would be unprecedented in consumer protection cases. The August trial will address claims under both federal and state laws related to children’s online privacy and consumer protection. If the trial ends unfavorably for Meta Platforms, the company could face greater legal and regulatory risks. Such an outcome could also hurt investor sentiment, especially if it leads to significant financial or operational consequences.

Meta Platforms Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, VR headsets, and AI glasses. Some of its apps include Facebook, Instagram, and WhatsApp. It operates in the Reality Labs and Family of Apps segments.

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