14 AI Stocks Catching Wall Street’s Attention

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On April 10, Thomas Champion from Piper Sandler maintained a “Buy” rating on the stock with a price target of $610.00. The new price target follows performance checks with an Ad Buyer and evaluation of Meta’s upcoming financial performance. The firm anticipates Q2 revenue to fall between $42.5 billion and $45.5 billion, which reflects a year-over-year growth of 9% to 16.5%.

Piper Sandler also expressed expectations that the company will adjust the operational expense forecast for fiscal year 2024 at $114-$119 billion, whereas capital expenditures are projected at $60-$65 billion. It is also looking forward to key developments concerning Meta’s advancements in artificial intelligence. This is particularly true for Llama 4 and the prospective opportunities related to agentic AI technologies.