Analysts Like Facebook's Long-Term Prospects, But Still Unsure About Mobile Revenue
It has been a rocky road for Facebook after its initial public offering. The reports of several Facebook underwriters were released today, as analysts feel that the company will be fine long-term, but there are still some lingering doubts about turning mobile usage into money.
It has been a rocky road for Facebook after its initial public offering. The reports of several Facebook underwriters were released Wednesday, as analysts feel that the company will be fine long-term, but there are still some lingering doubts about turning mobile usage into money.
CNBC wrote that top Wall Street analysts have “muted optimism” about Facebook’s long-term revenue potential. Analysts feel that Facebook will be able to grab a significant share of the Internet advertising market.
Wells Fargo’s Jason Maynard is bullish about Facebook’s long-term potential:
Facebook’s platform is highly personalized, lives in the cloud, operates across any number of devices, and encompasses user content, communication, context, and commerce.
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