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Facebook (FB) On Track To Meet Revenue And Beat EBITDA Forecasts - Cowen

Cowen analyst John Blackledge reiterated an Outperform rating and $195.00 price target on Facebook (NASDAQ: FB) and expects 1Q19 results to reflect revenue in line with consensus but EBITDA 4% above. He is modeling EBITDA margins of ~30%, nearly in line with 2H18 levels but well below historical trend. The analyst's proprietary US survey data...

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