Reported about 13 hours ago
Billionaire hedge fund manager Cliff Asness has included Meta Platforms, Inc. (META) among his top stock picks showing significant upside potential. Asness, known for his successful investment strategies at AQR Capital Management, has cited META's extensive reach through platforms like Facebook, Instagram, and WhatsApp, along with its ventures in augmented reality. Despite a reduced price target and uncertainties in advertising revenue, analysts recognize META’s influence as a powerful advertising ecosystem, positioning it as a promising investment, albeit with competition from AI stocks.
Source: YAHOO