InvestorsHub Logo
Followers 12
Posts 1626
Boards Moderated 0
Alias Born 07/11/2011

Re: None

Thursday, 09/12/2013 9:53:56 AM

Thursday, September 12, 2013 9:53:56 AM

Post# of 49395
Facebook price target hiked at JPMorgan, CLSA
07:32 AM ET · FB

Expecting strong advertising traction to build into the end of the year, JPMorgan reiterates its Buy rating on Facebook (FB) and ups the price target to $53 from $44. The team is raising its mobile and desktop estimates, and projects mobile will surpass 50% of total ad revenues in Q4.
CLSA one-ups JPMorgan, hiking its price target to a Street-high $60. Traffic is still under-monetized with several "goldmine" opportunities yet to be unlocked - video ads, games, search, ad network, and Instagram, to name a few. The valuation could reach $97 over time, says CLSA.
Chatting at TechCrunch Disrupt yesterday, Facebook CEO Zuckerberg said the company's engagement on mobile is better than that on PCs.
Shares +1.2% premarket to $45.57.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent META News