I Don’t Like to Bet Against Meta (META) CEO Mark Zuckerberg, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed.  Meta Platforms, Inc. (NASDAQ:META) is one of the stocks on Jim Cramer discussed.

Meta Platforms, Inc. (NASDAQ:META)’s shares are up by 10.7% year-to-date after having dipped by 11% in late October. The stock had its worst day in three years after the firm released its fiscal third-quarter earnings report. While the results saw Meta Platforms, Inc. (NASDAQ:META)’s $51.24 billion in revenue and $7.25 in earnings per share beat analyst estimates, investors were caught off guard by the firm’s capital expenditure guidance. As part of the earnings, management outlined that the firm would spend between $70 billion and $72 billion in 2025, the low end of which was higher than the previous guidance of $66 billion. Cramer had defended the stock after the earnings as he asserted that Meta Platforms, Inc. (NASDAQ:META) was positioning itself to protect against OpenAI’s potential entry into the social media ecosystem. On December 19th, Wedbush cut the firm’s share price target to $880 from $920 and kept an Outperform rating as it commented on margin contraction in 2026. For his part, Cramer continues to be an ardent believer in Meta Platforms, Inc. (NASDAQ:META)’s CEO, Mark Zuckerberg:

Photo by Timothy Hales Bennett on Unsplash

“I think they can tackle all comers. I think that if you look at Meta, a lot of people feel that Mark Zuckerberg’s fallen behind. I never like to bet against him.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.