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Facebook Analyst Downgrades: Do We Care? Are Any Analysts Now Credible?

Tom Winnifrith
Sunday 2 September 2012

The Facebook (FB) stock price fell by 5% on Friday to $18.06 on the back of two leading brokers cutting the valuations (as well as one expert reiterating the bull case) but the downgrades and notes make no sense and there is just no reason at all to pay any attention to anything Wall Street now publishes on this stock. Do not read into this that I am a bull trying to shrug off bad news. I have always been a mega bear on Facebook, starting off with a price target of $7.30 at the IPO and subsequently cutting

on SeekingAlpha | Comments
About Tom Winnifrith
Tom Winnifrith is the editor of When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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