Here's what's next for Facebook, according to a top analyst (FB)

Michael Seto/Business Insider

RBC Capital managing director Mark Mahaney gave a presentation on the of future of Facebook at Business Insider's Ignition conference on Wednesday.

While Mahaney doesn't see advertiser interest in Facebook slowing soon, he is cautious about the potential threat Snapchat poses to Facebook's growth, particularly among the younger teen demographic.

He also sees longterm revenue potential in Messenger and WhatsApp, two messaging apps owned by Facebook with one billion users each.

Mahaney has been covering internet stocks since 1998. He's consistently rated as one of the most accurate tech analysts and has been following Facebook since the company's inception.

Here's the presentation he gave on Wednesday about what's next for Facebook:

Mark Mahaney / RBC Capital

Mark Mahaney / RBC Capital

Mark Mahaney / RBC Capital

See the rest of the story at Business Insider