30 Most Fantastic Stocks Every Investor Should Pay Attention To

6. Meta Platforms Inc. (NASDAQ:META)

Market Cap: $1.58 Trillion

Number of Hedge Fund Holders: 260

Meta Platforms Inc. (NASDAQ:META) is among the most fantastic stocks every investor should pay attention to. On November 10, Meta was upgraded to Buy from Hold by Freedom Capital analyst Saken Ismailov, who maintained his price target of $800, according to TheFly.

The analyst believes that the long-term upside from the company’s expanding artificial intelligence strategy is not yet fully reflected in the share price. Thus, he still sees substantial upside potential. He acknowledged the better-than-expected Q3 results, which benefited from robust demand for advertising, improved offerings, and increased user engagement.

The stock remains a strong Buy with a consensus 1-year median price target of $850, reflecting a substantial 35% potential upside.

While the overall outlook remains positive, Meta Platforms Inc.’s (NASDAQ:META) massive capital investments have been under scrutiny. According to a November 7 report by Bloomberg, this reminds some investors of the huge investments in the Metaverse and the subsequent setbacks. Reflecting a similar sentiment, Oppenheimer analyst Jason Helfstein had downgraded the stock on October 29, after the quarterly report. He had surmised these investments as:

“Significant investment in Superintelligence despite unknown revenue opportunity mirrors 2021/2022 metaverse spending.”

However, the Bloomberg report said that for David Katz, chief investment officer at Matrix Asset Advisors, the recent sell-off was a buying opportunity. He stated:

“The metaverse was a bet that didn’t pan out. There is a much clearer roadmap to leveraging AI for market advantages and better profitability. Outside of it being a boatload of money without much accountability for Zuckerberg, that’s where the similarities stop.”

Meta Platforms Inc. (NASDAQ:META) operates major social media services, including Facebook, Instagram, WhatsApp, Messenger, and Threads, along with virtual reality products like Oculus headsets.