Cowen Analyst John Blackledge Cautious On Facebook
Wall Street continues to weigh in on Facebook, but Cowen & Co. Analyst John Blackledge was not as optimistic about the social network as his counterpart at J.P. Morgan, Doug Anmuth, assigning the company a neutral rating.
Wall Street continues to weigh in on Facebook, but Cowen & Co. Analyst John Blackledge was not as optimistic about the social network as his counterpart at J.P. Morgan, Doug Anmuth, assigning the company a neutral rating.
According to Forbes, Blackledge feels that other analysts may be overestimating Facebook’s long-term growth prospects, and he predicted that the social network will reach 1.7 monthly average users by 2018, pegging average revenue growth during that period at 17 percent, with ad revenues rising by an average of 20 percent per year during that period.
Blackledge
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