Facebook CFO David Wehner spooked Wall Street on Wednesday's post-earnings conference call by reiterating a warning that ad revenue growth would slow in 2017, and that next year will be a year of heavy investment for the company.
The stock closed down almost 6 percent, just under $120 per share on Thursday.
Plenty of analysts were unfazed by the drop, however.
"We would take advantage of any dislocation in shares, acknowledging Facebook may trade sideways until the company provides additional details around its 2017 expense guidance, which is most likely during fourth quarter 2016 earnings," wrote JMP Securities analyst Ron Josey.
The company has a number of giant opportunities ahead, and investing in things like video, messaging and virtual reality is the correct path, wrote Mizuho Securities analyst Neil Doshi in a note to investors on Wednesday.
Facebook now has 1.79 billion monthly active users and 4 million advertisers, according to the latest earnings report. The company beat analyst expectations on both revenue and earnings per share.