11 Best Augmented Reality Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) builds technological products that allow people to share, connect, grow businesses, and find communities. These products help people connect through personal computers, mobile devices, virtual reality (VR), mixed reality (MR) headsets, and wearables. The company has made significant progress toward AR and VR technologies. Reality Labs, Meta Inc.’s (NASDAQ:META) division dedicated to AR and VR innovations, is known for its substantial financial investments in these emerging consumer platforms.

For instance, its augmented reality prototype Orion is one of the most advanced pairs of AR glasses ever made. It integrates the appearance of a regular pair of glasses with the immersive capabilities of AR, presenting the real world as a canvas through large holographic displays. Users can place 3D and 2D experiences and content anywhere, and integrate contextual AI that can sense and understand the world around them to address their needs.

In a report released on April 29, Brent Thill from Jefferies maintained a Buy rating on Meta Inc. (NASDAQ:META), with a price target of $600.00. William Blair analyst Ralph Schackart also maintained their bullish stance on the company, giving a Buy rating on April 28. The analyst said that the company’s strategic initiatives and recent advancements in AI make it an attractive investment.

The company’s launch of a standalone AI app on iOS and Android platforms is a pivotal move, as it integrates AI offerings and allows its users to access their existing Meta accounts for enriched data access. The analyst opined that introducing an API for its LLM is anticipated to bring developers greater ease of use and flexibility. In addition, Meta Inc.’s (NASDAQ:META) adoption of a ‘mixture-of-experts’ approach in Llama 4 aims to reduce expenses and optimize computational efficiency, lending the company a competitive place in the AI landscape and supporting the buy rating.