10 Stock Predictions That Jim Cramer Got Right Again

6. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 273

A viewer asked if Meta Platforms, Inc. (NASDAQ:META) still had technological upside, particularly under CEO Mark Zuckerberg’s leadership. In that older segment, Cramer expressed strong long-term optimism, suggesting Meta was investing in something bigger than the public could yet see. He responded with:

“I think there is. I mean, I think that they’re going to be in competition in something we don’t know yet. They’re buying too many of the Nvidia cards for me to think they’re just going to continue to be just Instagram and Facebook and WhatsApp. I think there’s much more in store for us and I think you got to stay long that stock. It is not an expensive stock.”

Cramer was right to call it an inexpensive stock. It’s now up +39.66% since those comments.

Meta Platforms, Inc. (NASDAQ:META) is a technology company that owns Facebook, Instagram, and WhatsApp, and is investing heavily in AI and virtual reality platforms like the Metaverse.

When asked about the stock again recently, Cramer gave his blessing to buy it, saying:

“I like your thinking very much. I think Meta’s having a great quarter. I also think that they are without a doubt the best advertising bet. What happens if he actually starts, Mark Zuckerberg starts to want to, let’s say, monetize WhatsApp? Do you know how much that darn thing’s worth? I think you got horse sense. Good level to buy.”