Jim Cramer says the strong 2023 rebound in Meta Platforms stock isn't over yet
The run in Meta Platforms (META) shares has not reached the finish line yet, CNBC's Jim Cramer said Friday, as he reacted to fresh Wall Street research on the social-media giant.

Analysts at Citigroup on Friday doubled down on Meta as their top pick among internet stocks, highlighting the company's annual virtual reality conference next week as a positive catalyst for shares. In its note to clients, Citigroup also said it believes the Instagram and Facebook parent is taking a larger piece of the online advertising pie, due to strength in Reels, its short-form video feature designed to rival TikTok.

"I think this is very, very important," Cramer said on "Squawk on the Street." "I understand that [CEO Mark Zuckerberg] is making incredible progress in this, and the improving online advertising situation could take Meta up big."