Facebook (FB) PT Maintained at $245 at KeyBanc on 1Q Beat; 'Recommend Buying FB... Strong Advertiser Demand Drives Excellent 1Q Results'
KeyBanc maintained its price target on Facebook (NASDAQ: FB) at $245.00 while maintaining a Overweight rating, following the company's first quarter earnings report.
Analyst Andy Hargreaves 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.