5 Best Stocks to Buy Now for the Next 3 Months

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

Upside Potential: 40.04%

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) is a widely held stock by hedge funds and is one of the best stocks to buy now for the next 3 months.

Meta Platforms, Inc. (NASDAQ:META) is transitioning towards subscription models to support its AI investments. The company is introducing a range of subscriptions for its social media Apps, with tiered prices ranging from $2.99 to $49.99, and as high as $499 per month for Creators.

As the company continues to invest in AI, it is also focused on its VR business. On June 8, Meta announced that, in partnership with Best Buy, it is bringing its Meta Lab across more than 50 Best Buy stores. Meta Platforms is expanding its retail presence in the VR space, featuring a dedicated 900-square-foot experiential space where customers can experience Meta’s full lineup of VR headsets and AI glasses.

Meta Platforms’ move came as more than 50% of Best Buy customers asked to experience Meta’s AI glasses in person prior to buying the glasses. Each Meta Lab location is set to have dedicated try-on walls, interactive UV light displays, immersive Meta Quest 3 demos, smart mirrors for virtual try-ons, and access to Meta Ray-Ban Display glasses. Meta’s Sales Specialists will be serving on-site, positioning the company’s premium AI glasses and VR sets at Best Buy’s stores.

Meta Platforms, Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, virtual reality (VR) headsets, and AI glasses. Some of its well-known apps include Facebook, Instagram, and WhatsApp. It operates in the Reality Labs (RL) and Family of Apps (FoA) segments.