Tags: Facebook | Brokerage | Sell | Rating

Facebook Gets Early Brokerage 'Sell' Rating

Friday, 18 May 2012 01:14 PM

Facebook Inc. received what may be its first "sell" rating on Friday, from Pivotal Research Group, which also set a target price of $30 for the stock.

Shares in the No. 1 social network fizzled in their debut on Friday, managing an 18 percent gain before backtracking to trade close to their $38 initial public offering price.

"We are wary of the disconnect between revenue growth and operating/capital expense growth expectations," Pivotal analyst Brian Wieser said in a research note.

"The market is pricing Facebook as a less risky asset than Google, which we believe is simply not the case."

© 2017 Thomson/Reuters. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved