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Fly News Breaks for April 22, 2019
FB
Apr 22, 2019 | 07:55 EDT
Ahead of Facebook's quarterly results, Wedbush analyst Michael Pachter anticipates Q1 revenue upside from ad product momentum and engagement growth. Further, the analyst expects Facebook to continue its rapid growth overseas and to increase monetization of under-penetrated Instagram, WhatsApp, and Messenger. Pachter reiterates an Outperform rating and a $200 price target on the shares.
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