Facebook (FB): Cutting Estimates But Buy The Weakness - Mizuho
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
Mizuho Securities analyst, Neil Doshi, reiterated his Buy rating on shares of Facebook (NASDAQ: FB) and cut his price target to $146 after concerns about 2017 being an investing year took 7% out of the stock price after earnings.
The analyst stated "there are a number of massive growth opportunities for FB, and investing in the biz is the right strategy to accelerate monetization in areas like video, messaging, VR, and more. We also note that Facebook historically has provided broad OpEx growth guidance, and has consistently outperformed that guide. With best-in-class margin structure, Facebook can afford to give up some margin in order to take share from other social and online advertising platforms".
Estimates for 2017 EPS go from $5.33 to $5.28 taking the PT down from $150 to $146. The new PT is based on 14x 2018 EBITDA of $29.3b and 21x 2018 NG EPS of $6.77.
Shares of Facebook closed at $127.17 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- MKM Partners Raises Price Target on Finisar (FNSR) to $43 Following 2Q
- Finisar (FNSR) PT Raised to $44 at Needham & Company, Estimates Raised Sharply
- Argus Downgrades Sonoco Products (SON) to Hold
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!