UPDATE: Facebook (FB) Price Target Raised to $46 at Piper

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Go back to UPDATE: Facebook (FB) Price Target Raised to $46 at Piper

Facebook (FB) Video Ads Could Be Boon for Revenue, Thinks Morgan Stanley

August 7, 2013 8:20 AM EDT

Morgan Stanley maintained an Overweight rating on Facebook (NASDAQ: FB) and raised its price target of $45.00 (from $37.00). Analyst Scott Devitt thinks video ads will boost advertising revenue by 10% by next year and add 10%-15% to earnings within 1 to 2 years.

Devitt's base model assumes... More

Facebook (FB) closes above IPO price of $38/share

August 2, 2013 4:01 PM EDT

Facebook (Nasdaq: FB) closes above IPO price of $38/share.... More