Facebook'sstock price may have taken a dive today, but the social networking giant's stock should stabilize after about two or three quarters, and then it will move up, according to Victor Anthony, an analyst for Topeka Capital Markets, who appeared on CNBC's Squawk on the Street.
"I think once Facebook has about two or three quarters worth of earnings under its belt, investors will get a lot more comfortable with the story that management is pitching and you'll see the stock price moving up," he said.
Facebook's stock, which debuted on May 18 at $38, fell to below $26 Thursday. S&P Capital IQ also cut its target for the social network to $27 from $30. Anthony, however, said he thinks the dip is temporary.