Market Overview

Bank of America Reiterates Buy Rating, $35 PT on Facebook

Share:
Related FB
#Premarket Prep Technical Update - Facebook Higher
LikeFolio CEO: Might As Well Face It, We're ADDICTED To Facebook
Will Facebook Top The Whisper Number This Quarter? (Seeking Alpha)

In a report published Monday, Bank of America reiterated its Buy rating and $35.00 price target on Facebook (NASDAQ: FB).

Bank of America noted, “FB is an investment in increasing social and mobile Internet usage, and also offers exposure to growing Internet usage in emerging markets. Driven by user growth, new product offerings, and new ad formats, we expect FB to gain share in advertising markets and grow 30% over the next 3 yrs, which warrants a premium valuation to its Internet peers.”

Facebook closed on Friday at $31.54.

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: Bank of AmericaAnalyst Color Reiteration Analyst Ratings

 

Related Articles (FB)

Around the Web, We're Loving...

Get Benzinga's Newsletters