Facebook (FB) Downgraded to Neutral at Rosenblatt on Emerging Competition
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UPDATE: Rosenblatt Downgrades Facebook (FB) to Neutral
September 1, 2021 7:00 AM EDT(Updated - September 1, 2021 7:00 AM EDT)
Rosenblatt analyst Mark Zgutowicz downgraded Facebook (NASDAQ: FB) from Buy to Neutral with a price target of $400.00.
The analyst comments "We've long held the view Facebook's user/data scale trumped all competitive encroachments and... More
Software/Cloud to Lead a Strong Year-End Rally for Tech Stocks, Wedbush Sees Up To 10% Upside
August 30, 2021 11:10 AM EDTWedbush analyst Dan Ives believes that messages from Fed members and out of Jackson Hole are very bullish for tech stocks with an "all clear for risk-on assets" in the near-term led by tech stocks.
Ives adds that the further multiple expansion and strong fundamentals will lead to a 7% to 10% rally in the tech sector until the end of the year.
The fear of a more hawkish Fed/Powell and rates rising sooner has been a lingering worry for the Street that threatened to put the pause on the ongoing tech and market rally in our opinion. Our... More
