Market Overview

UPDATE: Stifel Nicolaus Upgrades Facebook to Buy

Share:
Related FB
Analysts Are Baffled That Google 'Can't Beat An Earnings Report'
RBC's Mark Mahaney Considers Facebook To Have 'One of The Best Growth Dynamics,' Despite Price Target Cut
Update: Facebook Beats Analysts' Expectations (Seeking Alpha)

Stifel Nicolaus raised its rating on Facebook (NASDAQ: FB) from Hold to Buy and established a $26 price target.

Stifel Nicolaus commented, "Facebook reported modest upside to our estimates and consensus, with an impressive 14% of total revenues from mobile. The contribution from mobile more than offset a $39mn q/q decline in desktop ad revenues. ... Importantly, total revenue growth accelerated and margins increased. We believe the growth and margin ramp will extend into 2013. Estimates increase slightly. We would use the weakness surrounding the lockup expirations to add to positions."

Facebook closed at $19.50 on Tuesday.

Latest Ratings for FB

DateFirmActionFromTo
Jan 2015Stifel NicolausMaintainsBuy
Jan 2015CRT CapitalMaintainsBuy
Jan 2015JefferiesMaintainsBuy

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (FB)

Around the Web, We're Loving...

Get Benzinga's Newsletters