5 Growth Stocks Jim Cramer is Talking About

1. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 194

Jim Cramer has been talking about Meta Platforms, Inc. (NASDAQ:META) recently. He likes the stock because of the company’s recent cost-cutting measures and also because Mark Zuckerberg “has managed to beef up his TikTok killer reels” at the optimal time when its competitor TikTok is under pressure from U.S. lawmakers. Meta Platforms, Inc. (NASDAQ:META) is one of Jim Cramer’s top growth stock picks.

This April, TD Cowen analyst John Blackledge raised his price target on Meta Platforms, Inc. (NASDAQ:META) to $195 from $190 and maintained an Outperform rating on the shares.

194 hedge funds disclosed having stakes in Meta Platforms, Inc. (NASDAQ:META) at the close of the fourth quarter of 2022. The total value of these stakes amounted to $15.5 billion. As of December 31, Eagle Capital Management is the dominant investor in the company and has a stake worth $1 billion.

Renaissance Investment Management made the following comment about Meta Platforms, Inc. (NASDAQ:META) in its Q4 2022 investor letter:

“Lastly, Meta Platforms, Inc. (NASDAQ:META) declined for the quarter after reporting disappointing earnings and guidance. The company’s plan to accelerate operating expenses and capital investments despite a slowdown in the digital advertising market was not well received by investors. However, the stock pared losses in the second half of the quarter after management reversed course and announced a reduction in operating expenses for 2023 along with substantial headcount reductions.”

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