Jim Cramer Is Unwilling To Accept Meta (META)’s Share Price Weakness

We just covered Jim Cramer Discussed The Iran Ceasefire & Commented On These 19 Stocks. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks discussed by Jim Cramer.

Social media giant Meta Platforms, Inc. (NASDAQ:META)’s shares are up by 12.7% over the past year and are down by 11.6% year-to-date. Cramer has discussed the firm several times over the past couple of months. Most of the turmoil in Meta Platforms, Inc. (NASDAQ:META)’s stock has been due to the firm’s multi-billion -dollar capital expenditure plans. While the stock has reacted poorly, Cramer has defended the firm on multiple occasions. The CNBC TV host has asserted that Meta Platforms, Inc. (NASDAQ:META) is spending aggressively to protect its moat in the social media sector from OpenAI. Investment bank Morgan Stanley discussed the firm on March 30th. It cut the share price target to $775 from $825 and kept an Overweight rating on the shares. Designating the firm as a Top Pick, Morgan Stanley remarked that weakness in the advertising sector and long-term AI positioning concerns had led sentiment to dip to a low. Cramer also mentioned the weak sentiment surrounding Meta Platforms, Inc. (NASDAQ:META), and, like Morgan Stanley, remained optimistic about the firm’s long term prospects:

“I think that Meta, the price targets are coming down and I think Meta’s making a huge amount of money. But it doesn’t matter. That is an inexpensive stock that doesn’t seem to get a lot of love anymore.

“I did a lot of work on the lawsuit that they lost and I am convinced that it, that California went. . .I thought that this was almost a win.”

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