Market Overview

UPDATE: Topeka Capital Markets Upgrades Facebook to Neutral; Ad Load Not Disruptive

Share:
Related FB
Cash In On Square's Run, Analyst Says
This Time Warner Analyst Isn't Concerned By DoJ Challenge Of AT&T Deal
MainStay Fund Thrives On Strength Of Leading Stocks Like Facebook (Investor's Business Daily)

Topeka Capital Markets raised its rating on Facebook (NASDAQ: FB) from Sell to Neutral.

Topeka Capital Markets noted, "Whereas our SELL was driven by fear about the Facebook user experience from a cluttering of ads and multiple negative earnings reductions, Facebook has taken ad loads to all new levels in Q4, with no discernible impact on users/user experience. The increased ad load is driving substantially higher revenues and adjusted EBITDA in Q4 2012 and 2013. Still, we are not excited by Facebook's valuation, which stands about 15x adjusted 2014 EV/EBITDA our revised estimates. We also continue to have longer-term fears about what the company is doing to the user experience."

Facebook closed at $24.00 on Friday.

Latest Ratings for FB

DateFirmActionFromTo
Nov 2017Canaccord GenuityMaintainsBuy
Nov 2017Credit SuisseMaintainsOutperform
Nov 2017OppenheimerMaintainsOutperform

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsUpgrades Intraday Update Analyst Ratings

 

Related Articles (FB)

View Comments and Join the Discussion!

Partner Center