- The shares of Facebook, Inc. (NASDAQ: FB) have received a $440 price target by Jefferies. These are the details.
The shares of Facebook, Inc. (NASDAQ: FB) have received a $440 price target by Jefferies. And Jefferies analyst Brent Thill is maintaining a “Buy” rating on the company shares after increasing the price target from $425.
Thill cited a robust digital ad environment in a research report. And Thill noted that both Facebook and Google are trading at reasonable valuation multiples while the second half estimates are likely conservative.
“FB has outperformed the NASDAQ YTD, but valuation is compelling at just 23x FY22 EPS. 2H rev guidance appear conservative and note that FB has beaten street rev for the last 11 quarters. IG Reels and Shops ads only launched this year, but should be incremental upside drivers for ’22 rev growth,” wrote Thill in the research report.
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