Meta Platforms, Inc. (NASDAQ:TARGET) is among the The 12 Most Profitable NASDAQ Stocks to Buy Right Now. On Jan. 29, Cantor Fitzgerald analyst Deepak Mathivanan raised the company’s price target to $860 from $750, while maintaining an overweight rating.

The adjustment follows the company’s fourth-quarter earnings results, which beat Wall Street estimates. Revenue came in at $59.89 billion, beating estimates of $58.59 billion, while EPS came in at $8.88 versus consensus expectations of $8.23 per share.

Meta Platforms, Inc. (NASDAQ:META) expects first-quarter FY26 sales to be between $53.5 billion and $56.5 billion, beating estimates of $51.41 billion. Full-year spending is expected to be between $162 billion and $169 billion. Capital spending in 2026 is expected to be between $115 billion and $135 billion, above analysts’ forecasts of $110.7 billion and nearly double the amount spent last year.

Cantor Fitzgerald noted the strong quarterly results and encouraging sales forecasts for the current quarter in its research note to investors. The analyst believes that while margins and free cash flow may shrink due to increased capital spending, he still expects operating income to expand, with the AI ​​boost likely to generate attractive returns.

Based on recommendations from 44 analysts, the stock is a strong buy with a one-year average price target of $861.87, representing a 20% upside from the January 30 close.

Meta Platforms, Inc. (NASDAQ:META) is one of the largest technology companies in the world. It operates several popular social media platforms including Facebook, WhatsApp, Instagram and Threads.

While we recognize META’s potential as an investment, we believe that certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

READ THE FOLLOWING: 10 Best Defensive Stocks to Buy in the S&P 500 i 14 Best Booming Stocks to Buy Right Now.

Disclosure: no.