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FB

Facebook

$218.10 /

-0.21 (-0.10%)

06:36
01/13/20
01/13
06:36
01/13/20
06:36

Facebook price target raised to $280 from $235 at Evercore ISI

Evercore ISI analyst Benjamin Black raised his price target on Facebook to $280 and kept his Outperform rating, calling the stock one of his "best ideas" in Internet entering 2020. The analyst believes that the current valuation models on the stock under-appreciate the "blurring of lines" at Instagram's advertising and e-commerce businesses, with reduced regulatory uncertainty also expected to be a positive. Black further states that an upward margin inflection at Facebook is a matter of "when, not if".

  • 22

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FB Facebook
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01/09/20 BERN
Facebook initiated with an Outperform at Bernstein
01/10/20
Facebook initiated with an Outperform at Bernstein
01/10/20
Fly Intel: Top five analyst initiations
01/13/20 EVER
Spotify downgraded to Underperform from In Line at Evercore ISI

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