Facebook today leads the NASDAQ technology index with a full six percent plus and marks a fresh all-time high. After the competitors Twitter and Snap presented their figures yesterday, the analysts are now partially revising their estimates for Facebook. Because these are apparently too conservative. Credit Suisse is already rushing forward.
Facebook will not report figures for the past quarter until next week on Wednesday, but many experts were apparently caught off guard by the good performance of its competitors Twitter and Snap yesterday. As a result, the stock can now push its way to the top of the NASDAQ index with a hefty plus, while the experts are already revising their estimates.
Strong price target increase
The Swiss Credit Suisse has raised its target price for the Facebook share from 400 to 480 dollars and thus to a new high among the analysts. The experts said they are optimistic about the company’s product offerings with earnings coming up next week.
High monetization potential
“We are maintaining our outperform rating due to the following factors: Potential for above-expected growth in advertising revenue due to product innovations, the analyst models are too conservative and underestimate the long-term monetization potential of other billion-user properties such as Messenger and WhatsApp as well as the Possibility of faster cash flow growth due to greater efficiency in the costs of screening content / security. “This is what the experts write in a study
The share of Facebook is now quoted intraday with 375.33 dollars on a new record high. In terms of charts, that’s a good thing, so if you haven’t invested yet, you can still access the numbers. Everyone else let their winnings run. The tech group is definitely one of the beneficiaries of the post-corona era.
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