Facebook (FB) PT Maintained at $215 at Jefferies on 1Q Beat; 'Upside Outweighs Downside Given Continued Fundamental Execution & Growth'
Jefferies maintained its price target on Facebook (NASDAQ: FB) at $215.00 while maintaining a Buy rating, following the company's first quarter earnings report.
Analyst Brent Thill notes an upbeat outlook on the shares, as FB reported 2018 first quarter earnings per share and revenues above consensus projections driven by strong execution with stable user growth and engagement metrics, while ad impressions continues to accelerate and potential product pipeline upside, despite changes to the newsfeed and data security concerns resulting in OpEx guidance increases.