Analysts Continue To Press 'Like' On Facebook

A day after Facebook Inc FB delivered strong third-quarter results and offered a soft outlook for the year 2017, different brokerages have come out with their opinions. However, there is not much change in the analysts’ perception, who continued to press the “like” button.

The following have given their ratings and target prices:

• BMO Capital maintained Market Perform rating, but reduced price tag to $125.
• Canaccord Genuity kept Buy rating and a price tag of $160.
• Cantor Fitzgerald reiterated its Buy rating and target price of $170.
• Citi maintains a Buy rating and boosted its price objective from $158 to $162.
• Credit Suisse retained an Outperform rating and price target of $170.
• Deutsche Bank kept a Buy rating, but reduced target price from $170 to $150 to reflect lower revenue and EPS estimates for 2017.
• Trip Chowdhry of Global Equities Research retained a Buy rating and target price of $160.
• Goldman Sachs maintains a Buy rating and price tag of $162.
• Jefferies retained a Buy rating and a target price of $170.
• JMP maintains a Market Perform rating and price objective of $165.
• Morgan Stanley remains Bullish and retained an Overweight rating and $155 as the price target.
• RBC Capital Markets reiterated Outperform rating and $170 as the price tag.
• SunTrust reiterated its Buy rating and a price objective of $142.
• UBS retained Buy rating, but reduced price target by $5 to $150.

At last check, Facebook fell 5.83 percent to $119.75.