Facebook Reports Second Quarter 2016 Results

Facebook (FB) PT Raised to $162 at Goldman Sachs; Remains in the 'Sweet Spot'

Goldman Sachs analyst Heather Bellini reiterated a Buy rating and raised her price target on Facebook (NASDAQ: FB) to $162.00 (from $142.00) following strong Q2 results. The analyst said the company remains "in the sweet spot of digital advertising trends."

Bellini commented, "Facebook remains in the... More

JPMorgan Lists 5 Key Takeaways Following Facebook's (FB) Blow-Out Q2

JPMorgan analyst Doug Anmuth reiterated an Overweight rating and lifted his price target on Facebook (NASDAQ: FB) to $170.00 (from $161.00) following strong results after the close. The analyst listed 5 key takeaways:

1) FB remains in a class by itself across the combination of scale, growth, and profitability. FXN ad revenue increased 63%
Y/Y, accelerating slightly from 1Q growth, and non-GAAP operating margins expanded 340 bps Y/Y to 58.5%.

2) Despite competitive concerns... More

Facebook (FB) PT Raised to $155 at UBS

UBS analyst Eric Sheridan reiterated a Buy rating and lifted its price target on Facebook (NASDAQ: FB) to $155.00 (from $150.00) following strong results.

Sheridan commented, "For us, the main themes from Facebook's Q2 results were a) the consistency & scope of ad revenue strength... More

Facebook (FB) PT Raised to $150 at Mizuho; Shifting from 'Mobile First' to 'Video First'

Mizuho Securities analyst Neil Doshi reiterated an Outperform rating and raised his price target on Facebook (NASDAQ: FB) to $150.00 (from $140.00) following results. Doshi notes a shift from 'mobile first' to 'video first.'

commented, "We remain Buyers of FB on a... More

Facebook (FB) PT Raised to $155 at Baird

Baird analyst Colin Sebastian reiterated an Outperform rating and raised his price target on Facebook (NASDAQ: FB) to $155.00 (from $135.00) following strong Q2 results showing growth accelerates despite fears over increased social competition.

Sebastian commented, "Facebook reported a significant top- and bottom-line beat,... More

Facebook (FB) PT Raised to $154 at Credit Suisse Following 'Another Spotless Quarter'

Credit Suisse analyst Stephen Ju reiterated an Outperform rating and raised his price target on Facebook (NASDAQ: FB) to $154.00 (from $145.00) following 'another spotless quarter'

The firm's 3Q16 estimates for rev/adj. EBITDA/adj. EPS are now $6.78b/$3.89b/$0.87 vs. prior $6.57b/$3.76b/$0.82. For... More

Facebook (FB) PT Raised to $155 at Macquarie

Macquarie analyst Ben Schachter reiterated an Outperform rating and raised his price target on Facebook (NASDAQ: FB) to $155.00 (from $150.00) following strong Q2 results.

Schachter commented, "When FB first went public, we said that as long as the audience is there, FB will find ways to make money. Years later, the audience is still there (and, remarkably, still growing) and FB is still making money (much, much more than expected). We expect this... More

Facebook (FB) PT Raised to $162 at Wedbush on Robust Growth

Wedbush analyst Michael Pachter reiterated an Outperform rating and raised his price target on Facebook (NASDAQ: FB) to $162.00 (from $145.00) following strong Q2 results.

Pachter commented, " Facebook has a virtually insurmountable competitive advantage with over 1.7 billion monthly active users and over 1.1 billion daily active users, and has... More

Facebook (FB) PT Lifted to $185 by Piper Jaffray's Munster

Piper Jaffray analyst Gene Munster reiterated an Overweight rating and raised his price target on Facebook (NASDAQ: FB) to $185.00 (from $170.00) following strong Q2 results with revenue 7% ahead of the Street.

Munster commented, " Driving the strong revenue beat were a combination of solid... More

Facebook (FB) CEO Mark Zuckerberg hints but said not trying to monetize search yet

Facebook (NASDAQ: FB) CEO Mark Zuckerberg hints but said not trying to monetize search yet.

Facebook (FB) Tops Q2 EPS Views; Mobile MAUs Rose 20%

(Updated - July 27, 2016 4:15 PM EDT)

Facebook (NASDAQ: FB) reported Q2 adjusted EPS of $0.97, versus the analyst estimate of $0.82. Revenue for the quarter came in at $6.44 billion versus the consensus estimate of $6.02 billion.

Second Quarter 2016 Operational... More