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UPDATE: Bernstein Upgrades Facebook to Outperform

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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
Jan 2015Societe GeneraleInitiates Coverage onSell
Jan 2015Bank of AmericaMaintainsBuy
Dec 2014CitigroupMaintainsBuy

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Analyst Color Upgrades Analyst Ratings

 

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