Facebook +9% post-earnings amid chorus of analyst price target raises

Apr. 26, 2018 11:13 AM ETMeta Platforms, Inc. (META)METABy: Jason Aycock, SA News Editor51 Comments
  • Facebook (NASDAQ:FB) has charged higher, up 9% now, to its highest point in more than a month -- just short of making up all ground it lost since the Cambridge Analytica data scandal broke March 17.
  • Its price is higher than the Monday closing after that ($172.56; it's at $173.99 so far today).
  • The company's user growth was in line and it printed a healthy 50% gain in ad revenues, mitigating many investors' worries about long overhangs from the privacy scandal.
  • Analysts have provided a chorus of price target hikes: Wedbush has gone to $275, implying a healthy 58% upside from today's jacked-up price. Mizuho has gone to $255; SunTrust Robinson Humphrey to $230; Goldman Sachs has raised $225, as has Monness Crespi Hardt. Deutsche Bank has lifted its target to $205, and Stifel Nicolaus up to $175.
  • A few have lowered targets: Barclays to $190; UBS down to $212.
  • Earnings call slides
  • Earnings call transcript

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