Jefferies analyst Brent Thill raised his price target for Facebook (FB) to $250 from $230 saying the company last night reported "another solid" quarter.
The stock in premarket trading is up $2.34 to $207.00.
Management guided again to constant currency "revenue growth deceleration" in the second half of 2019 and the first half of 2020, but considering recent improvements to core Facebook and momentum around commerce and Stories, investors will question the magnitude of the deceleration, Thill tells investors in a research note.
He continues to believe in $10 in earnings per share is "on the horizon" and reiterates a Buy rating on Facebook shares.
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