14 Best Forever Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 260

Meta Platforms, Inc. (NASDAQ:META) is one of the best forever stocks to buy according to hedge funds. On December 16, Meta Platforms, Inc. (NASDAQ:META) confirmed a new software update for its AI glasses. V21 is the latest software update that introduces features that enhance conversations in noisy environments and integrate with Spotify.

The software update comes with a conversation focus feature that amplifies users’ voices in loud settings like restaurants, trains, and concerts. The feature leverages the AI glasses’ open-ear speakers to make voices sound slightly louder amid background noise. Spotify integration will deliver the first multimodal AI music experience for the Ray-Ban Meta and Oakley Meta glasses.

“Whether you’re eating at a hot new restaurant, commuting on the train or picking up a coffee at a busy cafe, conversation focus uses your AI glasses’ open-ear speakers, beamforming technology, and real-time spatial processing to dynamically amplify the voice of the person you’re talking to,” Meta Platforms in a Blog post.

Meanwhile, Meta Platform is expanding its Instagram Reels service to television screens. Instagram for TV is a new feature that will allow users to watch reel content on larger screens. It marks an essential milestone in the company’s push to extend its short-form video content beyond mobile devices, as it looks to compete with other short-form video services.

On December 11, Morgan Stanley’s Brian Nowak cut the price target on Meta Platforms to $750 from $820 but maintained an Overweight rating. While remaining bullish into 2026, the firm trimmed FY26 and FY27 EPS forecasts by about 8% each due to higher operating expense assumptions, now projecting $33 in FY27 EPS.

Meta Platforms, Inc. (NASDAQ:META) builds social technology to connect people, operating major platforms like Facebook, Instagram, WhatsApp, and Messenger, primarily making money through targeted advertising, while heavily investing in the future of immersive tech like VR/AR via its Reality Labs division.

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