9 AI Stocks In Focus: Tariffs and Key Updates

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On April 8, Jefferies reiterated the stock as “Buy” and lowered its price target on Meta to $600 per share from $725. Despite the lowered price target, the firm said it is sticking with the stock.

“We cut our current fiscal year ests. for top-line and bottom-line by 1% and 2% respectively across our covered Software and Internet companies. Companies with the biggest est cuts are those that are more exposed to macro pressures like META, GOOGL, SONO, and UPWK.”