Meta Platforms, Inc. (NASDAQ:META) ranks among the Top 10 Long-Term Stocks to Invest In According to David Tepper. Recently, on September 24, Citi reaffirmed its Buy rating for Meta Platforms, Inc. (NASDAQ:META) and maintained a price target of $915.
According to Ronald Josey from Citi, Meta remains a strong contender in the ongoing battle within Big Tech regarding AI regulations. The company is allocating millions towards a new super PAC designed to address various state-level policy proposals potentially limiting AI innovations, as reported by Axios. This pro-AI PAC is part of Meta’s commitment to countering challenging legislative measures concerning technology and artificial intelligence across the country.
Meta App 3D sign
The new super PAC spearheaded by Meta is named the American Technology Excellence Project, with spokesperson Rachel Holland disclosing that the company is committing ‘tens of millions’ to support this initiative.
Furthermore, Citi identifies Meta’s upcoming AI glasses as a potential game changer for the company. The analyst anticipates that the adoption of these AI glasses could hit a ‘tipping point’ by 2026, driven by advancements in the devices’ functionalities.
As of September 30, analysts estimate that Meta Platforms, Inc.’s (NASDAQ:META) average price target stands at $880, indicating a potential upside of nearly 19.83% from the current market value.
Meta Platforms, Inc. (NASDAQ:META) is recognized as a leading technology enterprise focused on developing products that foster connectivity among users. The company provides services through its social media platforms as well as through its VR, mixed reality, and wearable device offerings.
While we acknowledge META’s investment potential, we suggest that there are certain AI stocks with greater upside and lower downside risks. For those interested in a highly undervalued AI stock that may benefit significantly from recent tariffs and the trend of onshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article has been originally published on Insider Monkey.
