Meta Platforms (NASDAQ:META) is favored by Hedge Funds as one of the best communication services stocks. Scott Devitt from Wedbush maintains a Buy rating on Meta Platforms with a price target of $880, indicating a 36% upside potential. Wedbush names Meta Platforms as its top pick in the Advertising space for 2026 due to encouraging fundamental factors. Citizens also reaffirmed its outperform rating on Meta Platforms with a target price of $900, citing planned updates for 2026 that would boost engagement and revenue. Meta Platforms operates various social media platforms globally, including Facebook, WhatsApp, Instagram, and Reality Labs (metaverse, VR/AR hardware).

Read more at Yahoo Finance: Here is Why Meta Platforms (META) is Favored by Hedge Funds