Meta Platforms, Inc. (NASDAQ:META) is among the 15 Best Big Name Stocks to Buy. On April 23, Guggenheim analyst Michael Morris maintained a Buy rating on the stock with a price target of $850.
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This was a reaffirmation of the firm’s previous update in late January, when it lifted the price target by $50 to $850 and kept a Buy rating after the company beat Wall Street’s sales estimates for the fourth quarter of 2025.
Earlier on April 22, BMO Capital reiterated its cautious outlook on the tech giant, citing concerns surrounding the company’s AI strategy and its ability to monetize the heavy capital expenditure planned for 2026, said media reports. The firm has a Market Perform rating on the stock with a price target of $730.
As of the close of business on April 24, Meta Platforms, Inc. is a Strong Buy with an average share price upside potential of 27%.
In other news, on Thursday, the company announced to lay off roughly 10% of its workforce and stop hiring for thousands of other vacant positions it was looking to fill, in a bid to enhance efficiency and offset its spending on AI projects. The move will impact roughly 8,000 employees.
Meta Platforms, Inc. is one of the world’s largest technology companies. It operates several popular social media platforms, including Facebook, WhatsApp, Instagram, and Threads.
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