Market Overview

Topeka Says Buy the Dip in Facebook; Notes 'Several Clear Reasons' to Be Shareholder

Share:
Related FB
Gene Munster Leaving Piper Jaffray To Launch VC Firm
Facebook, Google Make Glassdoor's List Of Top 50 Places To Work
Facebook Is a Pass (GuruFocus)

Topeka Capital's Victor Anthony issued a note Friday advising investors to buy the weakness in shares of Facebook (NASDAQ: FB). The stock is down about 3 percent at last check.

Anthony believes there are "several clear reasons" to own Facebook: ramping in mobile monetization, a chance Facebook could introduce a search engine and potential e-commerce which could eventually be a meaningful contributor to the company's financials. The analyst also mentioned possible positive catalysts from Instagram and Facebook Exchange.

Topeka Capital maintains a Buy rating and $36 price target on Facebook shares.

Latest Ratings for FB

DateFirmActionFromTo
Nov 2016Wells FargoMaintainsOutperform
Nov 2016BTIG ResearchDowngradesBuyNeutral
Nov 2016Cantor FitzgeraldMaintainsBuy

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (FB)

View Comments and Join the Discussion!