Was Facebook Worthy Of An Upgrade This Past Week???

This past week Facebook was upgraded by Nomura Instinet with a price target of $215 (just $3 shy of its all-time highs).  On the news the stock price rose to its highest level since August of 2018.

Nomura Instinet cites, the negative press from last year is a tailwind, increased margins and increased regulations will make the company stronger as the reasons for their $215 target.

But is the negative press / scandals from 2018 really tailwinds at this point. Federal prosecutors are conducting a criminal investigation into data deals Facebook struck with some of the world’s largest technology companies. As

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