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Home / US / That's what Wall Street analysts say after Facebook's big win

That's what Wall Street analysts say after Facebook's big win



Wall Street buzzes over Facebook's latest earnings figures, which surpassed Wall Street expectations despite recent fuss over the company's handling of user information.

.69 (versus $ 1.35 expected) and revenue of $ 11.97 billion (compared to $ 11.4 billion expected).

Here's what Wall Street analysts thought about the Facebook results:

JP ​​Morgan Chase

"Overall, we see first-quarter earnings as a relief and a quarter that can lead investors to We are aware that this will not happen overnight, second-quarter users remain due to privacy laws and regulatory risks … Facebook remains our favorite large-cap stocks and we believe represents an irresistible opportunity at the current level. "

Goldman Sachs

" Facebook Despite being worried about the recent Cambridge Analytica scandal, The company once again posted a solid quarter, with no signs of slowing spending, and overall advertising revenue surpassed the FactSet consensus by approximately $ 545 million, up 45 percent to 60 percent year on year growth to 50 percent to 60 percent, with the main reason for tightening due to a faster ramp in spending related to its security and platform security initiatives. "

Morgan Stanley

" The strong first quarter shows that Facebook's industry-leading return on innovation and disproportionate growth in advertising / free cash flow is growing. The heavy investment in 2018 (operating expenses / investment) is positive as they plant seeds for even longer growth. We believe that Facebook's increasingly useful status will offset all material implications of the Privacy Regulation. Stay overweight. "

Citigroup

" Facebook's first quarter revenue was not only better than what the early agency checkbooks suggested, but in line with yesterday's most aggressive scenario based on the advertising outcomes of Google's elteral alphabet in the first quarter, with sales of $ 11.8 billion, 50 percent more than last year. "

Bank of America

excluding exchange rate effects) of 43% y / y was better than the 3 to 4 points of slowing that the Street anticipated, with robust ad rates (plus 39 percent year-over-year) and re-acceleration of ad impressions (up 8 percent year-over-year)), Instagram momentum continues, and management has also welcomed the favorable reception of newer ad formats and features, and overall, Facebook delivered a strong fiscal quarter and stable user growth trends. "

Evercore

" While Facebook has been scared of high numbers in recent weeks, its first quarter results and forward outlook should ease fears Currency-neutral sales growth decreased less than 200 basis points to 43 percent, and ad revenue rose to 50 percent. User and interaction metrics proved stable, while daily users in the US and Canada returned to growth and the number of daily active users / monthly active users increased sequentially. "

Jefferies

" Despite all concerns, Facebook accelerated growth to 49 percent. The bears will point to the recent riots at the end of the quarter and the impending introduction of the GDPR and rising costs, but we see no sign that Facebook is slowing significantly. We see that the bullish trend in our target price of $ 215 outweighs the downward trend given the ongoing fundamental implementation and growth. "

RBC Capital Markets

" Facebook posted a very strong first quarter with significantly better-than-expected and still very strong growth trends. Facebook increased its operating expenditure growth for 2018 from 45 percent to 60 percent to 50 percent to 60 percent (for platform security), but suggested that the General Data Protection Regulation should have little impact on the growth of advertising revenues. Estimates have not changed significantly. Price target remains $ 250. Outperform.

Michael Bloom of CNBC contributed to this report.


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