Facebook (FB) Takeaways From Management Departures, Reit Buy At Mizuho

Mizuho Securities analyst James Lee reiterated a Buy rating and $210.00 price target on Facebook (NASDAQ: FB) on the belief that there are there are three key implications to recent management departures none of which is a negative inflection in fundamentals.

The analyst stated:

1) We believe FB can manage the uncertainties given its deep bench, similar to Google

2) The changes represent a sense of urgency to accelerate product development as traffic shifts to messaging due to a preference for privacy - a lesson learned from the Stories transition

3) Product roadmap for Messenger includes search to monetize SMBs, and gaming based on WeChat’s success

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 $165.92 yesterday.

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