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Facebook's share briefly fell by more than 5% after missing Wall Street's revenue forecast for its third-quarter earnings on Tuesday.
The results come after a hectic period of a few months for the Californian technology giant, as it fights against the fallout of scandals, including those of Cambridge Analytica and the hacking of 30 million confidential data of users.
Most analysts remain optimistic on Facebook, despite its recent setbacks. According to Bloomberg, the consensus price target is $ 203.26, a significant increase over the $ 146 stock price set on Tuesday. The record of all time is about $ 210.
"We expect Facebook's revenue growth to remain robust, fueled by several growth factors," Wedbush analysts wrote Friday in a research note, ahead of Facebook's third quarter results. "The unmatched size of the company and the ease of use of its advertising platform suggest that Facebook will continue to be a critical part of the digital advertiser's budget."
Business Insider covers live Facebook's third quarter results of 2018. Refresh this page or click here for the latest updates.
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