5 AI Stocks in Focus on Wall Street: Tesla, Meta, and More

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Investors: 256

Meta recently received rating affirmation from Citizens, with 256 hedge funds holding the stock. Meta Platforms, Inc. (NASDAQ: META) is also featured in our list of AI Stocks in Focus on Wall Street.

On April 21, Citizens analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $900.00 price target. The firm is confident in Meta’s AI-driven engagement and ad performance fueling upside.

According to the firm, Meta is likely to report earnings ahead of consensus and expectations, driven by modest upward revisions in 2026 revenue and EPS estimates. It explained that the revision is based on Meta’s implementation of more powerful models across its services.

These practices are helping Meta improve the relevance of its content recommendations, boosting user engagement, and more performance for advertisers.

Citizens particularly highlighted key systems GEM, Andromeda, and now ARM, together forming an AI-driven renovation of Meta’s ad delivery system, as structural upgrades that are enhancing the benefits of AI.

All of this boils down to the conclusion that Meta is currently in a “structural cycle of AI,” and that the market is underappreciating revenue growth sustainability.

To be clear, we acknowledge Meta’s AI investment cycle and are unclear how Meta will monetize Meta AI directly (it is already helping advertising indirectly), but with shares not overly expensive at 20.3x our 2027E GAAP EPS, we continue to be buyers of shares as we reiterate our Market Outperform rating and $900 price target ahead of earnings.