Meta Platforms, Inc. (NASDAQ:META) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, UBS upped the price objective on the company’s stock to $812 from $683, while keeping a “Buy” rating, as reported by The Fly. The firm highlighted Meta Platforms, Inc. (NASDAQ:META)’s long-term opportunity to garner additional revenue due to several AI products. As per the firm, Meta Platforms, Inc. (NASDAQ:META) continues to benefit from consumer and advertiser demand for AI.

Furthermore, the company is not necessarily exposed to the risks from potentially slower-than-anticipated enterprise AI spend, because it is the primary user of its own technology, added UBS. This positioning supports in insulating Meta Platforms, Inc. (NASDAQ:META) from what the firm describes as a potential capacity-demand digestion phase in the overall AI market. Some of the recent developments in the company’s AI strategy include its investment in Scale AI and increased recruitment of AI talent. These were the factors UBS acknowledged while maintaining its rating on Meta Platforms, Inc. (NASDAQ:META)’s stock.

Macquarie Asset Management, an investment management company, released its Q1 2025 investor letter. Here is what the fund said:

“The largest individual detractors from performance relative to the benchmark were not owning Meta Platforms, Inc. (NASDAQ:META), not owning Eli Lilly & Co., and our position in Electronic Arts Inc. Meta stock was slightly negative to end the quarter but relative to the benchmark and other communication services stock performed well. Having a zero weight relative to the large benchmark allocation hurt. We continue to follow this company closely and while we have become incrementally more constructive, we still have lingering concerns about the business model and worry the cyclical weakness in advertising spend could create further pressure.”

While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.