💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Deutsche Bank trims Facebook price target on ad-targeting changes

Published 04/03/2018, 07:55 PM
© Reuters.  Deutsche Bank trims Facebook price target on ad-targeting changes
DBKGn
-
META
-
  • Facebook (NASDAQ:FB) saw its price target trimmed by Deutsche Bank (DE:DBKGn), now "less optimistic" that changes to the social network's ad-targeting will have a minimal impact on revenues.
  • DB's staying at at a Buy rating but cut its target to $200 from $235, which still implies 28% upside from current pricing (which has taken a 16% hit over the past two weeks).
  • Meeting with a digital ad agency CEO has made analyst Lloyd Walmsley "marginally more concerned" there will at least be some short-term impact from lower user opt-in rates to share personal data for ad targeting. (h/t Bloomberg)
  • Shares gained 0.5% today; that brings 12-month gains to 9.9%.
  • Now read: Facebook - A Warren Buffett Moment


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.