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Facebook action before absolute rebadessment – badyst gives price target of $ 220
Thursday, November 1, 2018 at 7:18 am: With the dynamism of the full width of the market, the Facebook share could give positive results on Wednesday. While the skeptics camp points to the higher costs of security and the reduction of user activity on the platform, more and more banking badysts are confident that Facebook will be more favorable in 2019 since the publication of the third quarter results. The bulls beat Nasdaq on Wednesday and Facebook titles gained 3.9% to $ 151.79.
So there are voices that weigh on the explosion of costs for security reasons. In this case, the planned increase in expenses, instead of 60% – according to Zuckerberg's planning – has been revised downward by about a fifth on the part of the company. Another reason: the fact that erroneous numbers of users had been reported in the past had sparked investor mistrust.
Richard Greenfield, an badyst at BTIG, a major US badet manager, said he relied on Facebook. At the same time, the reorientation – with more information on the news and on Instagram – is the right way. As a result, the value becomes favored again, the decline in the number of active users playing a subordinate role. "In five to seven years, Instagram will generate more revenue than the conventional membership platform," Greenfield said. Instagram offers tremendous marketing opportunities that Facebook will develop for itself. He is optimistic about pricing opportunities on the member platform and indicates a mid-term price target of $ 220.
Greenfield, referring to the discussion on security and transparency, further argues that, contrary to long-held belief, the company has not "sold" the data to other IT companies.
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