Jim Cramer Shared His Game Plan: 26 Stocks in Focus

16. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 260

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.”

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.”