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Once Again, Analysts Are Bullish on Facebook — This Time on Instagram’s Rising Valuation

August 5, 2023
in Trade Tube
Reading Time: 1 min read
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Even though markets were guided lower by a slew of bad data on Wednesday, January 14, a few analysts are getting bullish on Facebook and Mark Zuckerberg all over again. Oppenheimer is keeping up its BUY rating and increasing its price target to triple-digits, in part on Instagram’s rising valuation and social clout. But KB Homes has been targeted by another analyst for a downgrade; the company could take a hit in Texas. And SanDisk is seeing analysts push away from positive ratings, as they express concern on reduced sales and margin expectations for the company in 2015.

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