Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Best Major Stocks to Buy According to Wall Street Analysts. According to a report released on April 10, Barclays analyst Ross Sandler reaffirmed a Buy rating on Meta Platforms, Inc. (NASDAQ:META), along with a price target of $800. The firm’s price target implies a further 16% upside from the current levels.

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Based on data from Sensor Tower on April 10, Meta Platforms, Inc. (NASDAQ:META) saw an increase in downloads of its AI app following the launch of its new model called Muse Spark. Across the United States, iOS downloads surged 87% day-over-day to around 46,000. The app also moved up the App Store rankings and saw strong growth across other countries, while Android growth was modest. U.S. web traffic climbed even higher, rising over 450% day-over-day to an all-time high.

The data also highlighted the strong momentum in AI apps overall, with four of the top five apps on the U.S. App Store on April 9 being AI-related. A year earlier, only one AI app appeared in the top five.

Analyst Abe Yousef commented:

“This massive surge in downloads could be attributed to the recent release of Meta’s new AI model, Muse Spark, which may have prompted a rise in consumer interest.”

Meta Platforms, Inc. (NASDAQ:META) develops products that help people connect with their friends and family. The company operates through Reality Labs (RL) and Family of Apps (FoA). It operates major apps such as Instagram, Messenger, Facebook, Meta AI, Threads, and WhatsApp.

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.

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