Market Overview

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

Share:
Related FB
AXT Trading At Its Highest Levels Since 2012; Northland Raises Price Target
Market Sentiment Improving On Alibaba Thanks To Robust Results, Investor Day And Company Focus
New High For eBay On Bullish Report Saying Best Days Are Ahead (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
Sep 2016JP MorganMaintainsOverweight
Sep 2016Loop CapitalInitiates Coverage onBuy
Sep 2016CitigroupMaintainsBuy

View More Analyst Ratings for FB
View the Latest Analyst Ratings

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

 

Related Articles (FB)

View Comments and Join the Discussion!