Meta (META)’s Shares Are Down Because It’s A Lone Wolf, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks on Jim Cramer talked about.

Social media giant Meta Platforms, Inc. (NASDAQ:META)’s shares are flat over the past year. Most of the stock’s troubles have come since October, after the firm’s fiscal third-quarter earnings report. While Meta Platforms, Inc. (NASDAQ:META) beat analyst revenue and EPS estimates, it also decided to raise 2025 capital expenditure guidance to $70 billion to $72 billion from an earlier $66 billion to $72 billion. Cramer defended the firm after the earnings, as he opined that the spending is necessary to protect its social media moat from OpenAI. In January, Bank of America reiterated a Buy rating and a $810 share price target for Meta Platforms, Inc. (NASDAQ:META). BofA’s action came after the technology company announced that it had entered into agreements with nuclear power companies Oklo, Vistra, and TerraPower. Cramer discussed Meta Platforms, Inc. (NASDAQ:META)’s share price performance and insisted that the stock should be up:

“Their stock is very down very big, because they’re really a lone wolf when it comes to spending.

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