Meta Platforms is facing a federal lawsuit brought by 29 state attorneys general in Oakland that could result in billions of dollars in damages and forced changes to Facebook and Instagram. Bank of America maintained its buy rating with a $810 price target, implying nearly 45% upside from current levels around $560. The stock is down 26% in 2026, making it one of the worst-performing mega-cap tech stocks. Jim Cramer believes litigation risk is not a good long-term reason to sell Meta, despite expected short-term volatility.
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