Sanford C. Bernstein: Facebook Stock Rated ‘Underperform,’ Target Price $25
Facebook’s already-scuffling stock took another hit Monday with the release of a research report by Sanford C. Bernstein & Co., which assigned the social network a target price of $25 per share and an “underperform” rating.
Facebook’s already-scuffling stock took another hit Monday with the release of a research report by Sanford C. Bernstein & Co., which assigned the social network a target price of $25 per share and an “underperform” rating.
Facebook shares were trading at around $27.15 per share at the time of this post after hitting a low of $26.79 at 10:14 a.m. ET, according to Bloomberg. The stock made its initial public offering debut May 18 at $38 per share.
Bloomberg
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