Teens Not Dumping Facebook (FB), Says Analyst
Tweet
Share
E-mail
Get Alerts FB Hot Sheet
Price: $45.06 +0.04%
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Facebook (Nasdaq: FB) remains in favor with teens, in the opinion of analysts at Topeka Capital. Comments follow an informal survey and contradicts reports that raised concerns about teen use. Previous reports said teens were "bailing" on Facebook.
"We conducted an informal, unscientific, but empirically sound survey of 23 New York City teenagers about their social media habits. Surprisingly, their usage of Facebook appears to contradict data from comScore, investor panels, and comments from popular blogs that teens are fleeing Facebook," said analyst Victor Anthony.
Anthony thinks investors should conduct their own survey and spend time with teenagers.
“You may see what we saw,” concluded Anthony,”that is, Facebook remains in favor with teenagers, and is used along with other platforms.”
For an analyst ratings summary and ratings history on Facebook (Nasdaq: FB) click here. For more ratings news on Facebook click here.
Shares of Facebook closed at $26.85 yesterday.
"We conducted an informal, unscientific, but empirically sound survey of 23 New York City teenagers about their social media habits. Surprisingly, their usage of Facebook appears to contradict data from comScore, investor panels, and comments from popular blogs that teens are fleeing Facebook," said analyst Victor Anthony.
Anthony thinks investors should conduct their own survey and spend time with teenagers.
“You may see what we saw,” concluded Anthony,”that is, Facebook remains in favor with teenagers, and is used along with other platforms.”
For an analyst ratings summary and ratings history on Facebook (Nasdaq: FB) click here. For more ratings news on Facebook click here.
Shares of Facebook closed at $26.85 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewSign 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!
