Is Meta (META) Among Hedge Fund Favorites with Strong Setup in 2026?

Meta Platforms, Inc. (NASDAQ:META) is included in our list of the 14 hedge fund favorites with strong setup in 2026.

As of April 3, 2026, 90% of covering analysts maintain bullish ratings on Meta Platforms, Inc. (NASDAQ:META), and the consensus price target of $850 implies roughly a 50% upside.

This favorable setup demonstrates ongoing faith in Meta Platforms, Inc. (NASDAQ:META)’s capacity to convert its AI expenditures into both operational leverage and infrastructure scale.

In an effort to reach 1-gigawatt capacity before the site’s anticipated 2028 opening, Meta Platforms, Inc. (NASDAQ:META) is raising investment in its El Paso, Texas, AI data center to $10 billion from the $1.5 billion, according to a March 26, 2026, Reuters report.

The facility will support jobs, peak construction activity, and clean-energy additions to the Texas grid, and will be Meta Platforms, Inc. (NASDAQ:META)’s third data center in Texas and its 29th worldwide.

This infrastructure push is consistent with the March 16, 2026, assessment by Bernstein SocGen Group that Meta Platforms, Inc. (NASDAQ:META) is one of the best-positioned established technology companies to become a more AI-enabled organization, bolstered by prior restructuring, leaner teams, AI productivity initiatives, and a wider shift toward AI-centric operations.

Meta Platforms, Inc. (NASDAQ:META) is a California-based company that develops social media applications. Dedicated to connecting people and growing businesses, the company has two segments: Family of Apps (FoA) and Reality Labs (RL).

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.