15 Best FAANG Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 273

Meta Platforms, Inc. (NASDAQ:META) ranks among the best FAANG stocks to buy according to hedge funds. Piper Sandler maintained its Overweight rating on Meta Platforms, Inc. (NASDAQ:META) on June 27 and raised its price target to $808, stating that new artificial intelligence tools are raising ad conversion rates to a level that will sustain revenue growth in the mid-teens for several years.

Having analyzed the effects of new machine-learning technologies that the social media behemoth began implementing earlier this year, the firm named it its “top large-cap pick” and pushed Meta’s 2026 and 2027 revenue projections up 1% and 3%, respectively.

Additionally, the firm projects that, under conservative projections, WhatsApp’s ad sales may reach $7 billion in 2026, while Threads’ could surpass $500 million.

Meta Platforms, Inc. (NASDAQ:META) is a renowned technology company known primarily for its flagship platforms Facebook, Instagram, and WhatsApp, as well as its revolutionary advances in augmented reality (AR) and virtual reality (VR).

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