Seeking Alpha

Facebook (FB) is initiated at Outperform with $37 price target at Baird, which says the firm's...

Facebook (FB) is initiated at Outperform with $37 price target at Baird, which says the firm's focus on technology and user experience puts it in the same league as Google and Amazon. "We expect Facebook to continue down the 'Google Path,' allowing the hacker culture to guide management decision making." Shares -1.3% premarket.
Comments (9)
  • Terrible analysis. Its nowhere near the same league as Google and Amazon. Those are tried and tested public companies with a history of high revenues and outperforming the market. Facebook has a P/E ratio of almost 100 and has crashed since IPO. It also cannot draw steady revenues from its user base.
    1 Jun 2012, 07:13 AM Reply Like
  • Idiots. I initiate Facebook at a Sell, PT 6$
    1 Jun 2012, 07:22 AM Reply Like
  • Sounds familiar, all the analysts coming out with buy rating for their clients' customers that won't buy . How about monetizing the 900 million users first.
    1 Jun 2012, 07:37 AM Reply Like
  • Seems like the premarket traders know better than the analyst
    1 Jun 2012, 07:46 AM Reply Like
  • We think there will be lots of selling pressure short term
    Notably 500 (FB) employees after 90 day lock up forced
    tax selling will tank stock. We like it for a spec longer term.
    Better multiples story than its closest peer (LNKD)
    1 Jun 2012, 07:51 AM Reply Like
  • Amazon and Google were also unproven at one point. They can monetize the subsriber base in countless ways. The talk of them buying Netflix is interesting among others.
    1 Jun 2012, 08:24 AM Reply Like
  • A very different story both Google and Amazon were new companies when they listed publicly. Facebook is a mature company. Not the same thing at all.
    1 Jun 2012, 08:39 AM Reply Like
  • Odd, how do you define mature? You simply cannot, it is only your personal opinion. I could have have stated that Apple was mature in 2004. I would have been terribly wrong, very much the same as you are now about Facebook.
    2 Jun 2012, 01:13 AM Reply Like
  • No Im not Facebook very different to Apple. Again, it has been given time to monetize its consumer base. Apple has succeeded because it can expand its consumer base while continuing to draw huge revenues from them. They are both mature companies, Apple was mature back in 2004, however, it came out with new products and adapted. Facebook is a different story. It is widely argued that its consumer base is at near full capacity and it has had seven years to get money out of them. It has failed to do so. Now it could shock the world and do something revolutionary, however, at the current point of time, you cannot possibly argue they can monetize their consumer base. Another thing, Apple had Steve Jobs, a visionary and a genius who practically created the field he worked in. Facebook have a 28 year old kid who has too much voting power already.
    2 Jun 2012, 01:53 AM Reply Like
DJIA (DIA) S&P 500 (SPY)