12 AI Stocks Making Waves on Wall Street

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

Number of Hedge Fund Investors: 273

Meta Platforms, Inc. (NASDAQ:META) is one of the 12 AI Stocks Making Waves on Wall Street. On July 9, TD Cowen analyst John Blackledge maintained its “Buy” rating for the stock and raised its price target from $700.00 to $800.00.

The firm expects Meta to beat Q2 consensus estimates, forecasting quarterly revenue growth of 16% year-over-year, 2% above expectations. It believes this upside is driven by continued video monetization and engagement gains.

Moreover, the firm’s Q2 digital advertising expert check demonstrated accelerating spend growth across Meta properties.

“We forecast Q2 revenue growth of 16% (year over year), roughly 2% above consensus, driven by continued video monetization and engagement gains. We see Meta’s recent AI investment and hires as a response to mixed Llama 4 reception, as Meta increases AI capabilities to drive core advertising business and Business AI tools.”

-Blackledge

CEO Mark Zuckerberg has also formed a Superintelligence unit led by former Scale AI CEO Alexandr Wang and former GitHub CEO Nat Friedman.

“We believe that Meta’s AI investments will support i) Growth of the core advertising business through monetization & engagement optimization; ii) Development of Business AI tools, including interactive ads & biz messaging; and iii) Enterprise adoption of Llama models.”