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07/28/16 8:01 AM

#299417 RE: Nolerman #299262

$FB Facebook price target raised to $150 from $140 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Facebook to $150 from $140 following the company's Q2 results well above expectations. The analyst notes headroom for short-term monetization as video and Instagram remains under-monetized. Longer term, he sees opportunities to monetize commercial search, Messenger/WhatsApp and Live Video. Moreover, Helfstein expects the near-term ad momentum to continue. Oppenheimer has an Outperform rating on the shares