Home / Top Tech / Facebook / Facebook sales offset spending concerns -analysts

Facebook sales offset spending concerns -analysts

(Reuters) – Facebook Inc is picking security of its platform over near-term profits but Wall Street analysts remain largely unfazed.

FILE PHOTO: Facebook logo is seen at a start-up companies gathering at Paris’ Station F in Paris, France on January 17, 2017. REUTERS/Philippe Wojazer/File Photo

At least 13 brokerages raised their price target on shares in the world’s largest social network following Wednesday’s quarterly results, with RBC Capital Markets making the most bullish move and raising its target by $35 to $230. The median price…

Read More – Original Source

Check Also

Facebook admits up to 270m users are fake and duplicate accounts

Fake accounts include those for businesses and organisations mistakenly set up as profiles, rather than …

Leave a Reply

Your email address will not be published. Required fields are marked *