Analyst Sees Promising RoI for Facebook's (FB) Mobile Ad Campaign
Get Alerts FB Hot Sheet
Price: $44.56 --0%
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 23 | New: 13
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 23 | New: 13
Join SI Premium – FREE
Shares of Facebook (Nasdaq: FB) are underperforming the broader stock market Wednesday morning despite some reassuring comments from Capstone's Rory Maher earlier. The stock last traded at $31.73, down 0.5 percent on the session, compared to a 0.1 percent gain in the NASDAQ.
Maher issued a research note suggesting the company's return on investment for its mobile campaign appears to be "significantly better" than on the company's PC ads. Maher's claims comes amid recent anecdotes saying Facebook's conversion rates have been weak for mobile ads compared to on PCs. The analyst said the major agencies he was in contact with have yet to use campaigns for Facebook's mobile segment.
Capstone maintains a Hold rating on shares of Facebook.
To track all the market-moving analyst calls on shares of Facebook, visit our Analyst Ratings page.
Maher issued a research note suggesting the company's return on investment for its mobile campaign appears to be "significantly better" than on the company's PC ads. Maher's claims comes amid recent anecdotes saying Facebook's conversion rates have been weak for mobile ads compared to on PCs. The analyst said the major agencies he was in contact with have yet to use campaigns for Facebook's mobile segment.
Capstone maintains a Hold rating on shares of Facebook.
To track all the market-moving analyst calls on shares of Facebook, visit our Analyst Ratings page.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Evercore ISI Upgrades Hilton Worldwide (HLT) to Outperform
- UBS Starts ATRenew Inc (RERE) at Buy
- Jefferies Upgrades Hub24 Ltd. (HUB:AU) to Buy
Create E-mail Alert Related Categories
Analyst CommentsSign 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!



Tweet
Share