Analysts get bullish on Facebook and Twitter, but trader warns of one headwind coming to a …

Social stocks are in the spotlight.Deutsche Bank boosted its Facebook price target to a Street high on Monday, highlighting tail winds in the advertising space, while Truist analysts upgraded Twitter to a buy on what they view as the “most exciting product roadmap” they’ve seen from the company.But, the regulatory overhang persists. The CEOs of Facebook, Google and Twitter testified in front of Congress last week at a hearing on misinformation. Platforms have been criticized for not holding themselves’ accountable for their content, especially false information, and for whether they either suppress or promote different voices.Gina Sanchez, CEO of Chantico Global and chief market strategist at Lido Advisors, said Capitol Hill’s next move should be a very real concern for investors in these stocks.”The question really comes around how Congress decides to act on this question of Section 230 of the Communications Decency Act and that can potentially change the business model,” Sanchez told CNBC’s “Trading Nation” on Monday.While issues of regulation for big tech companies has been present for many years, Sanchez said it has emerged as more of an immediate threat for social stocks.”Congress today is probably even more invigorated because both sides of the aisle have something…
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