Market Overview

UPDATE: Bernstein Upgrades Facebook to Outperform

Share:
Related FB
MKM Partners Needs To See Signs Of Success At Twitter Before Jumping On Board
Debunking Myths About The Crisis In Venezuela: An Insider's Perspective
Why Facebook Will Keep Growing: Digital Marketers Matter (Seeking Alpha)

Bernstein's Carlos Kirjner upgraded Facebook (NASDAQ: FB) from Market Perform to Outperform and raised the price target from $23 to $33.

The analyst believes the company is likely to beat the Street's sales estimates over the next year or two, citing continued monetization of its Newsfeed inventory. This monetization will support growth until the end of 2014. Kirjner warned Facebook is a risky investment as it depends on the long-term success of the unproven social advertising platform.

Latest Ratings for FB

DateFirmActionFromTo
Jul 2016BTIG ResearchDowngradesBuyNeutral
Jun 2016
Apr 2016AxiomMaintainsBuy

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Analyst Color Upgrades Analyst Ratings

 

Related Articles (FB)

View Comments and Join the Discussion!