Meta Platforms, Inc. (NASDAQ:META) shares have remained flat over the past year, with most difficulties emerging after the company's fiscal third-quarter earnings report in October. The social media giant surpassed analyst revenue and EPS estimates but raised its 2025 capital expenditure guidance to $70 billion to $72 billion, up from an earlier range of $66 billion to $72 billion.
Following the earnings release, Jim Cramer defended Meta Platforms. He stated that the spending is necessary to protect the company's social media moat from OpenAI.
In January, Bank of America reiterated a Buy rating for Meta Platforms and set a share price target of $810. This action occurred after the technology company announced agreements with nuclear power companies Oklo, Vistra, and TerraPower.
Cramer discussed Meta Platforms' share price performance, insisting the stock should be higher. He remarked, "Their stock is very down very big, because they're really a lone wolf when it comes to spending."