Here’s Why This Analyst Downgraded Facebook Parent Meta

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Erste Group analyst Hans Engel downgraded Facebook parent Meta Platforms to Hold from Buy.

Facebook invested 21.7 percent of revenue in research and development in the last quarter, and the intended reorientation toward virtual products and services offers new earnings potential in the future.

However, the development of the new advertising revenues is associated with high costs, which are difficult to forecast.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.



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