Facebook (FB): Lower Ad Load and Increased Hiring Cause NearTerm Concerns - Wedbush
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
Wedbush analyst, Michael Pachter, reiterated his Outperform rating on shares of Facebook (NASDAQ: FB) after a company priced for perfection reported a quarter near perfection.
The analyst believes Facebook has a virtually insurmountable competitive advantage with over 1.8 billion monthly active users, over 1.2 billion daily active users, and 4 million advertisers. the analyst stated "Facebook should continue its rapid growth overseas, and should expand monetization of under-penetrated Instagram, WhatsApp and Messenger over the coming years. Facebook' initiatives position the company for long term growth, which we anticipate to continue for the next decade. In summary, we believe Facebook is a great company, period."
No change to the price target of $162.
Shares of Facebook closed at $127.17 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Cuts Price Target on Kroger (KR) to $30 Following 3Q and Guidance
- Jefferies Cuts Price Target on Eros Int'l (EROS) to $18 Following Multi-Year Deal
- Pivotal Research Downgrades Kroger (KR) to Hold
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS 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!