The stock market has been on quite a run since
Facebook stock is down 7.5 percent since November 8, and investors are getting restless.
Citi has been getting lots of questions about Facebook’s weakness, and analysts see three major reasons for the lag.
- 1. High beta names and the crowded internet/technology space has been unwinding after significant outperformance in recent years.
- 2. Recent data points on Facebook from North America and Europe indicate revenue growth deceleration.
- 3. Citi has heard reports that Facebook management has been “out marketing” in recent days, but there are “no takeaways yet.”
- Facebook’s negative momentum has continued Thursday, with shares down another 3.3 percent.
Facebook shareholders can take consolation in the fact that they are certainly not the only high-profile
|Nov 2016||Wells Fargo||Maintains||Outperform|
|Nov 2016||BTIG Research||Downgrades||Buy||Neutral|
|Nov 2016||Cantor Fitzgerald||Maintains||Buy|
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