- Facebook (NASDAQ:FB) is still a top pick at MKM Partners as it navigates new European privacy rules amid what MKM sees as an overly conservative Street consensus.
- Shares are up 0.7% premarket.
- Facebook, along with Google (NASDAQ:GOOGL), is better positioned than others to deal with the General Data Protection Regulation since they're less dependent on third-party data, analyst Rob Sanderson says, positioning them for even more dominance of ad dollar share. There's still significant room for multiple expansion, he writes. (h/t Bloomberg)
- Sanderson raised his price target to $255, implying 33% upside.
- Meanwhile, Twitter (NYSE:TWTR) is up 1.4% premarket as Sanderson boosts that price target to $43 from $40 (24% upside), saying that the company's beat-and-raise momentum trails only Amazon.com (NASDAQ:AMZN) and that the company still has the chance to become a mass market service (paying off with a very significant revaluation).
- Now read: Twitter: NewFronts Bonanza
Original article