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Why This Analyst Could See Facebook's Stock Going To $300

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Why This Analyst Could See Facebook's Stock Going To $300

On CNBC's "Squawk Box Asia," Brent Thill of Jefferies spoke about Facebook, Inc. (NASDAQ: FB). He has a Buy rating for the stock and a price target of $250, but he think it could easily reach $300, with $12 per share earnings and a mid-20 multiple.

Thill finds the advertising boycott disappointing, but he said advertisers will get through this. He sees the situation as a bump on the road.

Facebook is a big platform and everybody is going to have an issue with its technology or with the way the management runs it, said Thill. He added that there are a lot of people who use it every day and it's doing a great thing for small business during the crisis. He thinks there are more advertisers joining the platform than leaving it.

Facebook's stock last closed at $240.86 per share.

See Also:

Why Pompeo Says The US Could Ban TikTok

Advertising Boycott Likely To Continue As Civil Rights Groups And Facebook Fail To Make Progress At Talks

Latest Ratings for FB

DateFirmActionFromTo
Sep 2020OppenheimerMaintainsOutperform
Sep 2020Morgan StanleyMaintainsOverweight
Sep 2020KeyBancInitiates Coverage OnOverweight

View More Analyst Ratings for FB
View the Latest Analyst Ratings

 

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