Billionaire David Abrams’ 10 Stock Picks with Huge Upside Potential

8. Meta Platforms Inc. (NASDAQ:META)

Abrams Capital Management’s Stake: $326.57 million

Number of Hedge Fund Holders: 262

Average Upside Potential as of May 8: 15.61%

Meta Platforms Inc. (NASDAQ:META) is a technology company that owns leading social platforms. These include Facebook, Instagram, Messenger, WhatsApp, and Meta Quest VR under its Family of Apps (FoA) segment. It also employs AI across its platform to improve content discovery, ad delivery, and product development.

Meta’s FoA advertising revenue totaled $41.4 billion in Q1 2025, which was up 16% year-over-year. This segment accounts for the vast majority of Meta’s total revenue, which was $42.3 billion in Q1. This growth is attributed to a 5% increase in the total number of ad impressions served and a 10% increase in the average price per ad.

Meta Platforms Inc. (NASDAQ:META) is also investing in AI to further enhance its advertising capabilities. One example of early success from this integration includes a 30% increase in advertisers using AI creative tools in the last quarter alone. On April 30, BofA Securities analyst Justin Post maintained a Buy rating on the stock with a price target of $640 due to the company’s advancement in AI and particularly its open-source approach.