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.

“I do wanna point out that I think Meta should be up not down, because this is the stock that was most punished because Zuckerberg shouldn’t be going alone, particularly on the Entergy project, the nuclear project, I think Dina Powell, was very good, now McCormick, the senator’s wife, very good, her sovereign wealth initiatives at Goldman were probably the strongest. We should remember that this stock was in the 700s when Mark Zuckerberg said we gotta spend a lot more. He has not had anyone to lean back on, that stock will be up by the end of the day if there’s any sort of thought process going on.”

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