Although shares of Facebook (NASDAQ: FB) have advanced nearly 33% year to date, some analysts are concerned about its prospects. The stock's rise has leveled off after the company's second-quarter results in late July, as investors were concerned about a small decline in daily active users in the U.S. and Canada, as well as revenue guidance. Following the quarterly report, he raised his firm's per-share price target on Facebook to $500 from $480 and maintained the outperform rating. Read More...
Although shares of Facebook (NASDAQ: FB) have advanced nearly 33% year to date, some analysts are concerned about its prospects. The stock’s rise has leveled off after the company’s second-quarter results in late July, as investors were concerned about a small decline in daily active users in the U.S. and Canada, as well as revenue guidance. Following the quarterly report, he raised his firm’s per-share price target on Facebook to $500 from $480 and maintained the outperform rating.
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