Morgan Stanley Cuts Price Target on Facebook (FB) to $32
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Facebook (FB) Bull Gets a Little Less Bullish, But Still Sees 70% Upside
September 4, 2012 1:44 PM EDTAnother day, another new low for Facebook (NASDAQ: FB).
This was the case yet again today with shares hitting as low as $17.55 per share. But according to one analyst, while prospects are dimmer they are still bright.
JPMorgan analyst Doug Anmuth slashed his price target on Facebook today from $45 to $30, which still suggests nearly 70 percent upside from current levels. Anmuth maintained his 'Overweight' rating.
The analyst expects advertising revenue to... More
For Every Positive Facebook (FB) Analyst, There are Multiple Negative Ones
August 31, 2012 8:56 AM EDTFacebook (NASDAQ: FB) tapped new all-time lows in pre-open trading Friday as analysts continue to trash the social media juggernaut.
Today, two analysts are taking Facebook to the mat and cutting price targets - one well below the current market price.
... More
