Investors looking to short Facebook stock are getting “in front of a freight train,” analyst Laura Martin of Needham & Co. told CNBC.
Martin initiated coverage of Facebook Wednesday with a “buy” rating and a $40 per share price target — that’s a 29 percent premium to Tuesday’s closing price.
Facebook traded higher in Wednesday’s session after a rough three days that saw the stock as high as $45 before dropping right through the $38 initial public offering price.
Today short-sellers got their first real crack at Facebook, but Martin advised against it in an interview on CNBC’s “Street Signs.”
“[Facebook] is a global platform,” she said. “There are four potential revenue streams.”
In Wednesday’s analyst note, Martin identified those four revenue streams:Page 1 of 3 | Next Page