RBC Capital Reiterates Outperform Rating on Facebook (FB) Ahead of 1Q Report

RBC Capital analyst Mark Mahaney reiterated an Outperform rating and $238.00 price target on Facebook (NASDAQ: FB) ahead of the company's 1Q report. Facebook will Report Q1 Results on April 29th. On 03/24, FB gave an update on COVID-19’s impact, calling out a weakening in their ads business in countries taking aggressive actions against the virus.

Mahaney expects Revenue, Op Income, and GAAP EPS of $16.78B, $5.55B, and $1.62, respectively, well below current Consensus at $17.42B, $6.05B, and $1.75.

For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.

Shares of Facebook closed at $193.99 yesterday.

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