- A Credit Suisse analyst believes the data breach debacle that sent
- The analyst said Facebook has already taken steps to remedy privacy concerns.
- He maintained his price target of $240 per share.
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CREDIT SUISSE: Facebook's risks are already priced in (FB)
A Credit Suisse analyst believes the risks associated with the Cambridge Analytica debacle is already priced into the stock.
The duo said they are evaluating Facebook based on the lower end of Credit Suisse's trading projections in a downside scenario. That projection accounts for investors' concerns around lower revenue growth after the company moved to slow down ad load and thereby, inventory growth, the lack of consumer traction of late, and the weaker dollar. This is in addition to the torrent of negative news coverage the company has already received.
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