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FB

Facebook

$187.77

-0.07 (-0.04%)

10:03
01/12/18
01/12
10:03
01/12/18
10:03

Facebook weakness a buying opportunity, says Evercore ISI

Evercore ISI analyst Anthony DiClemente recommends buying Facebook on weakness saying newsfeed changes will be a long-term positive.

  • 23

    Jan

  • 31

    Jan

  • 07

    Feb

FB Facebook
$187.77

-0.07 (-0.04%)

01/12/18
STFL
01/12/18
DOWNGRADE
STFL
Hold
Facebook downgraded to Hold from Buy at Stifel
01/12/18
RHCO
01/12/18
NO CHANGE
Target $240
RHCO
Buy
Facebook price target raised to $240 from $215 at SunTrust
SunTrust analyst Youssef Squali kept his Buy rating and raised his price target on Facebook to $240 as part of his "Favorite Internet Stocks; Bullish Thesis Strengthened" research note. Squali says the company is still in its early growth stage and can capture a "disproportionate high percentages of brand ad dollars over the next 2-3 years" based on its "enormous reach and time spent statistics".
01/12/18
STFL
01/12/18
DOWNGRADE
Target $195
STFL
Hold
Facebook downgraded to Hold after Zuckerberg post at Stifel
As previously reported, Stifel analyst Scott Devitt downgraded Facebook to Hold from Buy, arguing there is currently "too much uncertainty" relating to the economic impact of the company's pending News Feed changes communicated in a post last night by CEO Mark Zuckerberg. Devitt keeps a $195 price target on Facebook shares, which are down 4% to $180 in early trading.
01/12/18
PIPR
01/12/18
NO CHANGE
Target $200
PIPR
Overweight
Piper not seeing major impact to Facebook revenue from changes
Piper Jaffray analyst Sam Kemp believes Facebook is making the right long-term decision for the platform by prioritizing user-generated and discussion-creating content on its News Feed. Over the near-term, the analyst doubts the changes will have a material impact on revenue for two reasons. One, the analyst believes Instagram is in a strong place to absorb any unallocated budget due to impression declines at Facebook. And two, he notes that the past several quarters have demonstrated that advertisers are willing to absorb higher ad prices as impression quantity compresses. Kemp keeps an Overweight rating on Facebook shares with a $200 price target.

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