This is why Morgan Stanley Views Meta Platforms, Inc. (META) as one of the Best Forever Stocks to buy

Meta Platforms, Inc. (NASDAQ:META) is one of the best forever stocks to buy according to analysts. On June 6, Morgan Stanley analyst Brian Nowak reiterated that Wall Street is overlooking Meta Platforms, Inc. (NASDAQ:META), expanding competitive moat amid massive artificial intelligence spending.

This is why Morgan Stanley Views Meta Platforms, Inc. (META) as one of the Best Forever Stocks to buy

According to Nowak, investor sentiment around Meta Platforms has lagged that of other mega-cap technology peers due to limited visibility into the company’s projected $380 billion capital expenditure for 2027 and 2028. The analyst expects the investments to result in products that could add $1 to $3 to the company’s 2028 earnings per share.

Nowak expects Meta Platforms to benefit from the multibillion-dollar search opportunity integrated into Meta AI. Should the search tool retain 1 billion users and monetize just 10% of daily queries, it is expected to generate over $10 billion in annual revenue. The company has already begun rolling out tiered subscription packages to pursue high-margin revenue streams.

Consequently, Nowak has reiterated that Meta is a top pick among mega caps and reiterated a $775 price target.

Meta Platforms, Inc. (NASDAQ:META) is a multinational technology conglomerate that builds digital and physical tools to help people connect. The company operates the world’s largest social media ecosystem, advances artificial intelligence, and develops mixed-reality hardware and wearable devices.

While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 8 Most Profitable Crypto-Exposed Stocks to Buy Now and 10 Best Robinhood Stocks Under $20 to Buy Now.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1