Market Overview

UPDATE: Bernstein Upgrades Facebook to Outperform

Related FB
Instagram's Fifth Anniversary: How Good Of A Deal Was This For Facebook?
Facebook Inc. Finds Resistance And Retreats (Investor's Business Daily)

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

Oct 2015WedbushAssumesOutperform
Sep 2015Moffett NathansonInitiates Coverage onBuy
Aug 2015SusquehannaInitiates Coverage onPositive

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!

Get Benzinga's Newsletters