From Yahoo Finance: 2025-04-22 09:08:00

In a recent article, we explored 12 AI stocks on Wall Street’s radar, including Meta Platforms, Inc. (NASDAQ:META). Nearly 50 House Democrats are pushing to stop unauthorized AI tool use in the government, citing concerns about spending and privacy. They’ve called for an end to unapproved AI systems and highlighted potential risks and conflicts of interest.

The Democrats urge the administration to terminate any AI systems lacking formal approval or legal compliance. They question whether Musk’s company, xAI, powers any government technology. Concerns are raised about the risks of Musk becoming a major government AI provider. The White House has introduced new policies on federal AI use.

Meta Platforms, Inc. (META) has a team developing its messaging app and 235 hedge fund investors. Cantor Fitzgerald lowered META’s price target to $624 and expects mixed Q1 earnings due to macro uncertainties. While META is promising, other AI stocks may offer higher returns in a shorter time frame. Consider an undervalued AI stock for potential gains.

Overall, META ranks 3rd on Wall Street’s AI stocks radar. The firm advises a defensive strategy for generating alpha during the earnings season amid economic slowdown. Explore other AI stocks with potential for higher returns. Check out our report on the cheapest AI stock with substantial upside. This article was originally published at Insider Monkey.



Read more at Yahoo Finance: Meta Platforms, Inc. (META) Price Target Cut to $624 Amid Macro Uncertainty and Cautious Q1 Outlook