The valuation on Facebook’s stock (FB) looks way out of whack with the social media giant’s continued digital dominance, argues long-time bull Brent Thill at Jefferies.
“Interestingly, Facebook is now the second cheapest stock in our large cap coverage (eBay is cheapest) and trades at a 30% discount to the Nasdaq (vs. two-year average 18% discount). In our view, Facebook’s valuation is among the most attractive in Internet, particularly on a growth adjusted basis,” Thill said in a new…
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