GoKawiilCramer, BofA Say Meta's Legal Risk Shouldn't Scare Off Investors
Meta Platforms faces a federal trial in Oakland brought by 29 state attorneys general over allegations it designed addictive features harming children, a case that could drag on for years and result in massive damages. Despite the stock falling 26% in 2026 amid this litigation and AI spending worries, Jim Cramer and Bank of America argue the selloff is overdone. BofA reiterated its buy rating and $810 price target, citing Meta's AI infrastructure buildout and a valuation of about 16 times 2027 earnings estimates.