Friday, June 22, 2012

Haters Gonna Hate, But Facebook Is Still a Buy, Analyst Says - Mike Isaac - Social - AllThingsD

FB had a very good week
"At least one market research firm isn’t concerned with the hubbub. Nomura Equities Research initiated coverage of Facebook with a buy rating on Thursday, setting a target price of $40.
Why the optimism? Well, despite Facebook’s ongoing struggles with proving itself a viable long-term business, Nomura analyst Brian Nowak makes one very salient point: Facebook’s reach extends to more than half of the online world. To boot, Facebook display ads make up about 8 percent of the global advertising market, up from 2.5 percent three years previous."
Haters Gonna Hate, But Facebook Is Still a Buy, Analyst Says - Mike Isaac - Social - AllThingsD
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