Facebook Inc. (FB): Earnings Beat, But No Analyst Consensus

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Over at Citi, analyst Neil Doshi said in his note, “(W)ith plans to invest heavily in the biz in 2013, and little expected contribution from new initiatives like Gifts or Graph Search, we don’t see any near-term catalysts for the stock. And Mobile Ads appear to be cannibalizing Desktop, which further concerns us.” He downgraded the stock to neutral and set a $30 price target.

However, Michael Pachter of Wedbush Securities seemed to have a more bullish outlook on Facebook Inc. (NASDAQ:FB) when he wrote, “Our price target reflects Facebook’s strong monetization potential from increased mobile penetration and a series of initiatives as well as future success from new products like Graph Search and targeted ads.” Pachter set his price target on the sock at $35 per share.

A half-hour into trading Thursday, Facebook stock is down nearly 6 percent from the open to $29.40 per share.

What do you make of the Facebook Inc. (NASDAQ:FB) earnings report? And which side do you fall on – the half-empty or half-full camp? Let us know your thoughts and the numbers you analyze to make an evaluation of the company and the stock.

DISCLOSURE: I own no positions in any stock mentioned.

Please see these related FB articles:

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Facebook and the Cautious Investor

Facebook Trying to Steal Google’s Thunder?

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