Jason Helfstein Of Oppenheimer & Co. Maintains ‘Outperform’ Rating On Facebook
Facebook received some lukewarm news on Wall Street courtesy of analyst Jason Helfstein of Oppenheimer & Co., who reiterated an “outperform” rating on the social network’s stock and lowered his target price to $32 per share from $33.
Facebook received some lukewarm news on Wall Street courtesy of analyst Jason Helfstein of Oppenheimer & Co., who reiterated an “outperform” rating on the social network’s stock and lowered his target price to $32 per share from $33.
Helfstein also reduced his first-quarter estimates for Facebook to $1.5 billion in revenue, $793 million in EBITDA (earnings before interest, taxes, debt, and amortization), and earnings per share of $0.14, from $1.6 billion, $852 million, and $0.15, respectively, Barron’s Tech Trader Daily blog reported, and for the full year, he slashed his estimates to $7.1
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in