Market Overview

UPDATE: Stifel Nicolaus Upgrades Facebook to Buy

Related FB
Sheryl Sandberg On Facebook's Biggest Moment Of 2014
JP Morgan Reiterates On Facebook
Stop Retailers From Stalking You Online (Fox Business)

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
Dec 2014MKM PartnersInitiates Coverage onBuy
Nov 2014Hilliard LyonsInitiates Coverage onLong-term Buy
Nov 2014Morgan StanleyInitiates Coverage onOverweight

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