Facebook: Jefferies raises target price
(CercleFinance.com) - Jefferies has reinstated its "buy" rating on the Facebook stock, having increased its corresponding target price from 180 dollars to 200 dollars, after the social media giant unveiled quarterly results that are better than expected.
"Our framework continues to look for $10+ in EPS in '21 and should not trade below 18-21x," said the broker, "impressed with growth across all geos in DAUs & ARPU".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Our framework continues to look for $10+ in EPS in '21 and should not trade below 18-21x," said the broker, "impressed with growth across all geos in DAUs & ARPU".
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.