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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.
The company's shares fell 20% from its second quarter 2018 results in July, when it did not meet analysts' expectations and warned that revenue growth rates would fall. Wall Street will now watch with anxiety the importance of the damage.
Most analysts remain optimistic on Facebook, despite its recent setbacks. According to Bloomberg, the consensus price target is set at $ 203.26, a significant increase over Tuesday's stock price of about $ 143. 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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