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Fly News Breaks for February 25, 2020
FB
Feb 25, 2020 | 09:42 EDT
Loop Capital analyst Alan Gould keeps his Buy rating and $245 price target on Facebook, saying the stock declined more than the market yesterday even though the company is "relatively immune" to the impact of coronavirus. The analyst adds that with no change in the regulatory environment and a "fortress balance sheet", Facebook stock is now trading at a "mere" 8% premium to the market while still offering a 16% projected growth rate and with valuation ascribing zero value to its 2B WhatsApp users.
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