Jim Cramer is telling Meta Platforms investors not to panic despite a brutal year and a high-profile courtroom battle, with Bank of America backing him up. Bank of America analyst Justin Post cut the firm's price target on Meta to $810 from $825 but kept a buy rating, implying roughly 38% upside from the July 30 closing price of $585.61. The federal lawsuit, brought by 29 state attorneys general, is underway in Oakland, California, and could expose Meta to penalties its own attorneys estimate as high as $1.4 trillion, with remedies that may force an overhaul of Facebook and Instagram. Cramer has acknowledged the litigation is a real concern but argues the business fundamentals will outlast the legal noise, noting Meta trades at just 16 times estimated 2027 earnings versus the S&P 500's roughly 20 times. Meta raised the bottom end of its 2026 capital expenditure forecast to $130 billion from $125 billion, while keeping the top end at $145 billion, and the company faces additional legal pressures including a $942 million order in a New Mexico child safety case.
Meta Platforms Inc.Meta faces a federal lawsuit by 29 state attorneys general with potential penalties up to $1.4 trillion and possible forced overhauls of Facebook and Instagram, plus a $942 million order in a New Mexico child safety case.
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