Buy Facebook because its video offering will be a blockbuster success, analyst says
Publishing timestamp: 2017-12-20 13:17:25
Summary
Jefferies reaffirms buy rating for Facebook shares, predicting that the company's "Watch" product will drive significant sales and boost growth. Analyst Brent Thill believes that the "Watch" tab will extend Facebook's reach into user's video consumption, driving engagement and revenue. Thill reiterated a $225 price target for Facebook shares, which is 25 percent higher than Tuesday's closing price.
Sentiment: POSITIVE
Tickers: META,
Keywords: technology, meta platforms inc, social media, internet, business news,