With an upside potential of 35.52% as of May 3, Meta Platforms, Inc. (NASDAQ:META) is included among the 10 Best Fortune 500 Stocks to Buy According to Analysts.

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Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses. Its core business includes platforms like Facebook, Instagram, WhatsApp, and Messenger.

On April 30, Evercore ISI analyst Mark Mahaney bumped up the firm’s price target on Meta Platforms, Inc. (NASDAQ:META) from $900 to $930, while maintaining an ‘Outperform’ rating on the shares. The target increase, which reflects a significant upside of over 52% from the current price levels, comes as the analyst touts Meta as still the “best ad revenue growth story” following the company’s Q1 results.

Meta Platforms, Inc. (NASDAQ:META) reported better-than-expected results for its first quarter on April 29. However, the stock still took a hit after the company projected 2026 capital expenditure in the range of $125 billion and $145 ‌billion, up from its prior forecast of $115 billion to $135 billion. The figures also exceeded analysts’ expectations and dampened investor sentiment, as this massive spending push may create some near-term drag on earnings. Meta Platforms, Inc. (NASDAQ:META) grew its revenue by 33% YoY to $56.3 billion in Q1. The company now expects its Q2 total revenue to be in the range of $58 billion to $61 billion.

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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