Barclays Lowers Price Target and Estimates on Facebook (FB); Mobile Uncertainty
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Price: $45.05 --0%
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 9 | New: 16
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 9 | New: 16
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Barclays maintains an 'Equalweight' on Facebook (NASDAQ: FB) price target of $23.00 (from $31.00).
Analyst, Anthony DiClemente, said, "Owing to ad revenue deceleration, headwinds from lock-up expirations, and elevated valuation FB's shares are down -29% since reporting earnings after the close on 7/26 (vs SPX +5%). With a lack of evidence from FB around significant traction in its mobile monetization strategy, we are revising our estimates and lowering our Price Target."
FY12 EPS estimate maintained at $0.41, but lowers FY13 from $0.43 to $0.41.
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 $18.96 yesterday.
Analyst, Anthony DiClemente, said, "Owing to ad revenue deceleration, headwinds from lock-up expirations, and elevated valuation FB's shares are down -29% since reporting earnings after the close on 7/26 (vs SPX +5%). With a lack of evidence from FB around significant traction in its mobile monetization strategy, we are revising our estimates and lowering our Price Target."
FY12 EPS estimate maintained at $0.41, but lowers FY13 from $0.43 to $0.41.
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 $18.96 yesterday.
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