We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks discussed by Jim Cramer.
Social media giant Meta Platforms, Inc. (NASDAQ:META) has positioned itself as a key player in the hyperscaler AI capital expenditure race. Its shares are down by 17% over the past year and by 11% year-to-date. Evercore ISI reiterated a Buy rating and a $930 share price target on the firm on June 17th. Earlier, on the 9th, Truist had kept a Buy rating and a $840 share price target on the back of Meta Platforms, Inc. (NASDAQ:META) launching new subscription plans. Cramer mentioned the discussion surrounding the firm’s hypersccaler plans:
“Oh I think, look, I think that they’re doing a lot of things right. It’s just everyone keeps saying, including my partner over here, where’s their web service? Where’s their web service? Right? Where’s their web service?
“I think they could [become a hyperscaler], I think that they just need the power. And they’re gonna have the power in Louisiana.”
Photo by Timothy Hales Bennett on Unsplash
Madison Large Cap Fund discussed Meta Platforms, Inc. (NASDAQ:META) in its Q1 2026 investor letter:
“During the quarter, we initiated positions in Meta Platforms, Inc. (NASDAQ:META) and Salesforce.com. The second new investment was in Meta Platforms, which owns three dominant, global social network and communications apps in Facebook, Instagram, and WhatsApp. We believe revenue growth will remain strong as its user count grows and monetization of its apps improves. Meta is investing heavily in AI and seeing real benefits in the personalization and efficacy of ads in its social network. Additionally, WhatsApp is finally starting to commercialize its business after many years of focusing on acquiring users. Investors are concerned about increasing capital expenditures, but we believe much of it will garner strong returns, and management will remain prudent in managing spending over the long term.”
While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META and that has 10,000% upside potential, check out our report about the cheapest AI stock.
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