"The bottom line is that these headlines matter. The political/regulatory/legal risks are rising." Schachter reiterated his outperform rating and lowered his share forecast for Facebook to $200 from $205, representing 16 percent upside to Monday's close. Facebook stock has outperformed the market over the past year. Its shares rallied 23 percent in the past 12 months through Monday versus the S&P 500's 14 percent gain, but is now down 12 percent from its early February high. Facebook declined to comment for this story.