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Cowen Boosts PT on Facebook (FB) to $110; Video Growth, Broader Instagram Ads Bolstering Sentiment
July 27, 2015 10:17 AM EDTCowen and Company is bringing its price target on Outperform-rated Facebook (Nasdaq: FB) from $94 up to $110.
Analyst John Blackledge commented, We increased our long-term FB forecast, we now expect total revenue CAGR of 27.1 percent vs. 25.6 percent prior, driven by higher mobile and video adv estimates (following [positive] checks during the qtr), and EBITDA... More
Facebook (FB) PT Lifted to $110 at Raymond James Into Q2 Print
July 27, 2015 8:06 AM EDTRaymond James analyst Aaron Kessler reiterated an Outperform rating and boosted his price target on Facebook (NASDAQ: FB) to $110.00 (from $90.00) ahead of Q2 results (07/29), saying they expected video to drive strong results.
"We maintain our positive view on Facebook and based on industry... More
