Jim Cramer Says “Meta is a Ridiculously Cheap Stock”

Meta Platforms, Inc. (NASDAQ:META) is one of the 25 stocks Jim Cramer recently shared insights on. While discussing the stock, Cramer discussed the stock’s performance in detail as he commented:

“How did Microsoft, NVIDIA, and Meta manage to triumph, especially when all their stocks had hit some pretty hideous darn levels early in the quarter?

… Finally, there’s the toughest one to explain, Meta. This stock started the year at $630 and then got caught up in the rise and fall of everything growth, sinking from $740 in February down to $480 in April. A week later, and only a few points from the bottom, Meta reported a magnificent quarter. They crushed the estimates. On the conference call, we discovered you no longer needed to advertise anywhere else, save Amazon and Google. They didn’t mention that, but that’s me. Now, on that call, you realize that when you go with Meta, your ad will be shown only to the people who want to buy your product, no other medium… and that’s why the stock finished the first half at $738 yesterday. This machine really works… So, what did we discover?… Meta is a ridiculously cheap stock that should never have traded down to $480.”

Jim Cramer Says "Meta is a Ridiculously Cheap Stock"

A team of developers working in unison to create the company’s messaging application.

Meta Platforms, Inc. (NASDAQ:META) creates apps and technologies that help people connect and share through services like Facebook, Instagram, WhatsApp, Messenger, and Threads. The company is also developing virtual and augmented reality products to power immersive digital experiences.

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