Option Millionaires

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FB

Morgan Stanley analyst Brian Nowak raised the firm's price target on Facebook to $295 from $285 and keeps an Overweight rating on the shares following the firm's survey that indicated that 12% of Americans polled already use Instagram Reels on a daily basis and that 34% of them do on a monthly basis. The Alphawise survey also found that 8% of survey participants are already using Instagram Shopping on a daily basis and 28% are on a monthly basis, Nowak tells investors. These products, plus Facebook Marketplace, could add $3B to 2021 revenue, estimates Nowak, who also has increased his 2020 estimates given the faster recovery being see in advertising.