View photosFacebook Bulls Grow More Emphatic as Zuckerberg DeliversMore
(Bloomberg) — Facebook Inc. analysts were essentially unanimous in their praise of the social media company’s first-quarter results, in which it reported strong revenue growth and user engagement.
The results, along with a signal that it may be close to resolving a U.S. privacy investigation, were seen as moving the company past a series of controversies that have weighed on the stock for several months. As RBC Capital Markets wrote, the company could “could be in a period of sustained re-rating,” as the worst fears “appear not to have been realized.”
More than ten firms raised their price targets on the stock, while UBS upgraded its view, reinforcing the dominance of Facebook bulls on Wall Street, where