Jim Cramer Notes “Meta’s Mark Zuckerberg Keeps Finding Ways to Deliver Great Quarter After Great Quarter”

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer praised the company’s CEO during the game plan and said:

“Now, Meta’s Mark Zuckerberg keeps finding ways to deliver great quarter after great quarter, keying on advertising, but also spewing the gospel of the Ray-Bans that are packed with AI. I like the black ones that Renee Haas wore on our show from Arm Holdings recently.”

Photo by Alexander Shatov on Unsplash

Meta Platforms, Inc. (NASDAQ:META) develops applications that connect people through its Family of Apps, including Facebook, Instagram, WhatsApp, Messenger, and Threads. Moreover, the company builds virtual and augmented reality products through Reality Labs. A caller inquired about the stock during the October 17 episode, and Cramer commented:

“Alright, I’m going to answer the latter first by saying I have no concept whether Mark Zuckerberg wants to do a split, but he sure always wants, he sure does want to exceed and having a 24 multiple on next year’s earnings, which I calculate is an insult to this man, to have a market multiple, I expect the stock, which is off 80 points from its high, to have a very big run here and I urge you to stay in it.”

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 this cheapest AI stock.

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