Market Overview

J.P. Morgan Reiterates Overweight Rating, $35 PT on Facebook

Share:
Related FB
Axiom: Facebook Is Worth $105/Share
BlackBerry Is 'Catering To Entrepreneurs' As They Move Away From Android
Instagram blows past Twitter (Investor's Business Daily)

In a report published Monday, J.P. Morgan reiterated its Overweight rating and $35.00 price target on Facebook (NASDAQ: FB).

J.P. Morgan noted, “We believe Facebook's virtual ownership of the social graph, strong competitive moat, and focus on the user experience position the company to significantly improve monetization over time and to become an enduring, blue-chip company built for the long term. Facebook's massive reach and engagement continue to drive network effects and its targeting abilities provide significant value to advertisers, though it is still early. We believe Facebook's ad platform is just beginning to shift toward more social ads with higher-quality formats, and it will become increasingly valuable to advertisers.”

Facebook closed on Friday at $31.54.

Latest Ratings for FB

DateFirmActionFromTo
Mar 2015AxiomInitiates Coverage onBuy
Jan 2015Stifel NicolausMaintainsBuy
Jan 2015CRT CapitalMaintainsBuy

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Reiteration Analyst Ratings

 

Related Articles (FB)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→