I’m Happy to Buy Meta Platforms (META), Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About.  Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer talked about recently.

Social media giant Meta Platforms, Inc. (NASDAQ:META)’s shares have gained a modest 11% year-to-date. The shares dipped by 11% in October following the firm’s fiscal third-quarter earnings report. In December, Piper Sandler reiterated an Overweight rating on the shares and kept a $840 share price target. The financial firm pointed out that Meta Platforms, Inc. (NASDAQ:META) was its top large-cap stock pick and added that the shares have returned double digits despite a multiple contraction. Piper Sandler added that the social media company’s advertising market can experience favorable conditions in 2026. Meta Platforms, Inc. (NASDAQ:META)’s shares had dipped after the earnings due to the firm’s capital expenditure guidance. Cramer had taken a contrarian view in the aftermath, as he remarked that CEO Mark Zuckerberg was investing to protect the firm from OpenAI. In this appearance, he reiterated the opinion:

Photo by Timothy Hales Bennett on Unsplash

“I mean I think Meta’s go to do, Meta, there was a price target cut for Meta from Baird. I think Mark Zuckerberg’s got to say, listen, our product is going to be great for social media. Or else you are going to have OpenAI come in there and say listen, we now are better than Zuckerberg.

“We own it for the trust. I’m happy to buy some here because I just think that you underestimate him at your own peril. I mean he’s really good.”

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