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Friday, 10/11/2019 4:11:38 PM

Friday, October 11, 2019 4:11:38 PM

Post# of 49386
Barclays urges adding Facebook before earnings
By: Seeking Alpha | October 11, 2019

• Buy Facebook (FB +2.3%) before Halloween-week earnings, Barclays says, as demand is still showing strength and setting up for a nice report.

• "Positioning is far less crowded and sentiment is mixed compared to prior quarters, which we think helps the set-up," analyst Ross Sandler says, adding advertisers are mostly ignoring the gloomy regulatory headlines.

• Sandler is watching the report for operating expense outlook, which he expects to start at 35-45%.

• He reiterated an Overweight rating and $240 price target, implying 30% upside.

• The company reports Oct. 30.

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