Facebook (FB) PT Lowered to $195 at Baird on Q2 Report; 'Shares are Moving to the Penalty Box'
Baird lowered its price target on Facebook (NASDAQ: FB) to $195.00 (from $210.00) while maintaining a Outperform rating, following the company's second quarter earnings report.
Analyst Colin Sebastian notes a negative outlook on the shares, as FB management disclosed to investors "a significant slowdown in revenue growth for Q3/Q4, followed by (expected) operating margin declines over the next 3+ years" to drive usage/engagement of stories over core app monetization, despite reporting EPS above consensus.