Market Overview

UPDATE: Deutsche Bank Upgrades Facebook to Buy on Revenue Momentum

Related FB
Dan Deming's Facebook Trade
From Amazon To Chipotle, Here's A Look Into College Students' Favorite Stocks
Why Facebook Can Still Continue Growing (GuruFocus)

Deutsche Bank upgraded Facebook (NASDAQ: FB) from Hold to Buy and raised its price target from $36.00 to $40.00.

Deutsche Bank noted, "FB doesn't fit into the DB Internet Team's preferred low multiple bucket, but has more revenue momentum than any company we cover heading into 2013. Our thesis has not changed since we launched coverage in Sept.: Mobile Newsfeed Ads are the game-changer, but the ramp-up is happening much faster than our initial estimates and we see several new catalysts emerging. Ad revenue should growth north of 40% in 2013, well above consensus. We still think a “one quarter at a time” approach is warranted given heightened expectations and all the potential revenue opportunities, but the future looks bright."

Facebook closed at $31.72 on Friday.

Latest Ratings for FB

Oct 2016Credit SuisseMaintainsOutperform
Sep 2016JP MorganMaintainsOverweight
Sep 2016Loop CapitalInitiates Coverage onBuy

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings


Related Articles (FB)

View Comments and Join the Discussion!