Facebook Is Debunking One of the Key Bear Arguments
Things are even better than they seem.
A woman checks the Facebook Inc. site on her smartphone whilst standing against an illuminated wall bearing the Facebook Inc. logo.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Facebook still has its friends on Wall Street.
While some investors have voiced concern in recent months over the social media giant's ability to withstand competition from rivals and continue to grow advertising revenue, Citigroup Inc. analysts figure Facebook passes the bank's "stress test." In a note published on Sunday, they boost their price target on the stock from $148 to $158.