Jim Cramer on Meta: "I Urge You to Stay in It"

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently covered. A caller asked if the stock is at a good level to buy, and if Cramer sees a stock split ahead. In response, he said:

“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.”

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social media, messaging, and immersive digital experiences. During the October 7 episode, Cramer mentioned the company and said:

“Meta, he really believes, Mark that… wearing glasses is the best way to get artificial intelligence. So they’re just going to get more and more sophisticated. I feel like I have to buy each iteration. I love the fact, by the way, that Jensen works very closely with Mark, and I think that the method of glass is just going to keep dazzling us. I like the fact that Zuckerberg is ahead of us in thinking, but that’s going to be the form factor, and I think it’s going to work.”

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