10 Most Profitable Mega Cap Stocks to Buy

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

Net Income (TTM): $60.46 billion

Operating Margin (TTM): 41.31%

Number of Hedge Fund holdings: 273

On February 9, Sachin Mittal, an analyst at DBS, reiterated a Buy rating on Meta Platforms, Inc. (NASDAQ:META) and set a $1,000 price target. This suggests an upside potential of nearly 48% from the current price.

On the same day, Reuters reported that Meta Platforms, Inc. (NASDAQ:META) reacted strongly to EU regulators following the antitrust charges on the company and warned to block rival AI tools on WhatsApp.

As stated by a Meta spokesperson in an email,

“The facts are that there is no reason for the EU to intervene in the WhatsApp Business API. There are many AI options and people can use them from app stores, operating systems, devices, websites, and industry partnerships.”

Later on February 10, Citizens maintained a Market Outperform rating and $900 price target on Meta Platforms, Inc. (NASDAQ:META), citing robust Instagram engagement momentum. Andrew Boone from Citizens notes that Instagram’s global time spent has accelerated by 18% YoY or faster for the last six months, with US time spent growth on Instagram alone increased by at least 16% over the same period.

Meta Platforms Inc. (NASDAQ:META) operates major social media services, including Facebook, Instagram, WhatsApp, Messenger, and Threads, as well as virtual reality products such as Oculus headsets.