Here is Why Meta Platforms (META) is Favored by Hedge Funds

Group 1 - Meta Platforms (NASDAQ:META) is viewed positively by hedge funds, with analysts like Scott Devitt from Wedbush maintaining a bullish outlook and assigning a Buy rating with a revised price target of $880, indicating a 36% upside potential [1] - Encouraging fundamental factors for Meta include monetizing new channels, adapting to Advantage+, expected cost controls, and favorable digital ad trends, making it Wedbush's top pick in the Advertising sector for 2026 [2] - Citizens reaffirmed an outperform rating on Meta, giving a Buy call with a target price of $900, which represents a 39% upside, based on planned updates for 2026 aimed at increasing user engagement and app usage time [3] Group 2 - Meta Platforms operates through two main segments: the Family of Apps (FoA), which includes Facebook, WhatsApp, Threads, Instagram, and Messenger, and Reality Labs (RL), focusing on metaverse and VR/AR hardware [4]