Jim Cramer: Meta Stock 'Belongs Higher' After Layoff Overreaction

Jim Cramer affirmed Meta Platforms Inc stock 'belongs higher' on April 27, 2026, after roughly 10% workforce layoffs, insisting the market overreacted downward. This follows his April 26 comments praising Mark Zuckerberg's efficiency amid the cuts, framing them as tactical rather than problematic. Montaka Global's Q1 letter noted the stock hit $526 in late March—implying an EV multiple below 13x 2026 EBIT despite over 20% annual revenue growth—positioning Meta as attractively valued with long-term upside potential.