12 Best Major Stocks to Buy According to Billionaires

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

No. of Billionaire Holders: 36

No. of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) is one of the tech giants that connects people and shares, finds communities, and grows businesses. The company’s main business lies in its advertisements on its platforms, including Instagram, Facebook, WhatsApp, Facebook, Messenger, and Thread.

Meta Platforms, Inc. (NASDAQ:META) posted the best financial results among the Mag 7 stocks, as famous investor Stephanie Link addressed recently on CNBC. Link, a Chief Investment Strategist at Hightower, has recommended investors to buy META. Driven by AI utilization, “time spent on Face increased 7%,” Link highlighted. Similarly, Instagram saw a 6% rise in the first quarter. She further added that META is monetizing AI, and that is why it is a Buy.

Meta Platforms, Inc. posted $42.31 billion in revenues during Q1 2025, exceeding estimates by $952.58 million. The adjusted earnings came in at $6.43, surpassing consensus by $1.22. On May 5, Doug Anmuth from JP Morgan upgraded the price target on META from $610 to $675, keeping an Overweight rating. Anmuth is bullish on the future prospects of the company after its strong quarterly outcomes.