Facebook shares rose more than 2% to a record high of $305.43

Tiger Newspress2021-04-05

Facebook shares rose more than 2% to a record high of $305.43 in Monday morning trading.

Facebook shares have outperformed the S&P 500 over the past year (+86.2% vs. +59.4%). The Zacks analyst believes that Facebook is benefiting from steady user growth across all regions, particularly Asia Pacific.

Increased engagement for its products like Instagram, WhatsApp and Messenger is a major growth driver. Strong advertising revenues were driven by a strong holiday shopping season for retail that benefited from the ongoing shift to online commerce.

Facebook expects year-over-year growth rates in total revenues to remain stable or modestly accelerate on a sequential basis in the first and second quarters of 2021. However, increasing regulatory headwinds in the EU and other countries is a concern.

Monness analyst Brian White continues to remain bullish on the social media giant despite a recentHouse hearingwhich grilled the CEOs of Facebook,Alphabet Inc, and Twitter Inc on misinformation.

The analyst reiterated a “Buy” rating on the stock and maintained a $375 price target, implying a 27% upside potential.

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精彩评论

  • Vivberry
    2021-04-06
    Vivberry
    Good!!!
  • jamjam
    2021-04-06
    jamjam
    Hmm leaked data breach but still increase? Market always go other direction. Wonder why. Please like and comment my commnet
  • Zynette
    2021-04-06
    Zynette
    [微笑] 
  • Jazling
    2021-04-06
    Jazling
    Comment pls 
  • Ericlam
    2021-04-06
    Ericlam
    Go further 
  • Boo2bear
    2021-04-06
    Boo2bear
    Strong rebound. 
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