Facebook (FB) Gains Intra-Day Amid Kenshoo Call
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Facebook (FB) PT Raised to $137 at Raymond James Amid Ad Momentum
April 20, 2016 8:07 AM EDTRaymond James analyst Aaron Kessler raised his price target on Outperform-rated Facebook (NASDAQ: FB) to $137.00 (from $125.00) on continued advertising momentum.
"Based on our 1Q16 checks, we remain confident in our Facebook advertising growth estimate of 55% y/y q/q (-9% q/q)," Kessler said. "On average, our checks for 1Q16 suggest continued Facebook/Instagram momentum though the typical 1Q advertising seasonality will likely limit the amount of... More
