Courtesy of Benzinga.
Facebook Inc (NASDAQ: FB) announced positive financial results on Tuesday, with an EPS of $0.43 on revenues of $3.2 billion, beating estimates by 7.5 and 2.89 percent, respectively.
On the other hand, shares of Facebook are down sharply on Wednesday as the company offered weak guidance due to rising costs.
Analysts at multiple firms adjusted the investment ratings on Facebook following earnings.
Price Target Cuts:
Pivotal:from $106 to $103
Topeka: from $100 to $96
Piper Jaffray: from $90 to $82
Susquehanna: from $88 to $86
JMP Securities: from $92 to $85
Cowen: from $90 to $86
CRT: from $90 to $84
Oppenheimer from $90 to $88
Stifel: from $99 to $94
Cantor: from $82 to $80
Baird: from $82 to $80
Janney Capital: from $82.50 to $78
JP Morgan: from $90 to $85
UBS Capital: from $95 to $92
Credit Suisse: from $90 to $88
Price Target Raises:
Atlantic: from $84 to $90
Canaccord: from $84 to $88
Amid the drop in share price, Goldman Sachs analysts believe “the current weakness in Facebook shares is excellent buying opportunity”
Latest Ratings for FB
Date | Firm | Action | From | To |
---|---|---|---|---|
Oct 2014 | JMP Securities | Maintains | Market Outperform | |
Oct 2014 | Canaccord Genuity | Maintain | Buy | |
Oct 2014 | Stifel Nicolaus | Maintains | Buy |
View More Analyst Ratings for FB
View the Latest Analyst Ratings
Posted-In: Atlantic Equities Baird Cantor Fitzgerlad Cowen and Company Credit Suisse CRT CapitalPrice Target Analyst Ratings