Facebook Rises as JPMorgan Recommends Looking Past Controversies [MSN Money]
Meta Platforms, Inc. - Class A (FB)
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Source: MSN Money
Facebook Rises as JPMorgan Recommends Looking Past Controversies (Bloomberg) -- Facebook Inc. extded a three-day winning streak as JPMorgan told clits that a “compelling” valuation and accelerating earnings growth will help the stock move past scandals and controversi The firm outlined the reasons why Facebook is one of its “09 Bt Ideas” in a rearch report on Tuday. Analysts led by Doug Anmuth said that while invtor stimt “remains negative” amid concerns over data privacy, user metrics remain healthy and the revue slowdown appears manageable. “We view core FB as stickier than many think, with rect metrics mostly stable and our proprietary survey work showing solid gagemt,” Anmuth wrote to clits, adding that Instagram “continu to grow rapidly.” © Bloomberg Facebook shar rose perct at 0: a.m. in New York, paring earlier gains of as much as .5 perct. JPMorgan reiterated its overweight rating and $95 price target, which impli upside of perct from Facebook’s closing price on Monday. The
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