Meta Named Top Large-Cap Pick as AI Boosts Ad Revenue Growth

Meta Platforms, Inc. (NASDAQ:META) ranks among the best FAANG stocks to buy according to hedge funds. Piper Sandler maintained its Overweight rating on Meta Platforms, Inc. (NASDAQ:META) on June 27 and raised its price target to $808, stating that new artificial intelligence tools are raising ad conversion rates to a level that will sustain revenue growth in the mid-teens for several years.

Meta Named Top Large-Cap Pick as AI Boosts Ad Revenue Growth

Having analyzed the effects of new machine-learning technologies that the social media behemoth began implementing earlier this year, the firm named it its “top large-cap pick” and pushed Meta’s 2026 and 2027 revenue projections up 1% and 3%, respectively.

Additionally, the firm projects that, under conservative projections, WhatsApp’s ad sales may reach $7 billion in 2026, while Threads’ could surpass $500 million.

Meta Platforms, Inc. (NASDAQ:META) is a renowned technology company known primarily for its flagship platforms Facebook, Instagram, and WhatsApp, as well as its revolutionary advances in augmented reality (AR) and virtual reality (VR).

While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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