US stocks research agency news on April 30, the well-known investment institution Royal Bank of Canada announced that it will raise the target price of Facebook from $238 to $271.
After the US stock market on April 29, Eastern time, Facebook released its 2020 Q1 earnings report, and its revenue greatly exceeded the expectations of Wall Street analysts. According to observations by the US Stock Research Agency, as of the close of US stocks, the stock price of Facebook rose 6.17% to close at $194.19. As of 5:20 on April 30, before the US stock market, its stock price continued to rise 9.48% to 212.6 US dollars.
Although the epidemic has caused severe damage to all walks of life, the huge amount of traffic caused by the people's home quarantine caused by the epidemic has caused the advertising business to be hit Facebook has seen a new dawn.
Home isolation has enabled Facebook to find new growth points in the field of games and video conferencing, which may greatly improve Facebook’s revenue structure and help it reduce its excessive dependence on the revenue structure of the advertising business, which should also improve its economic resistance The various risks brought about by the recession.
Source of this article: US Stocks Research Agency (Public Account: Meigushe) aims to help Chinese investors understand the world, focusing on reporting on US technology stocks and Chinese stocks, friends who are interested in US stocks, hurry up and follow us
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