Market Overview

Sterne Agee Reiterates Buy Rating, $37 PT on Facebook

Share:
Related FB
Top Stories From The Week Ending January 30: Apple Earnings And More
After Wild Earnings, How Do Big Tech Stocks Compare On Fundamentals?
Can LinkedIn Recruit More Investors With Q4 Earnings? (Investor's Business Daily)

In a report published Monday, Sterne Agee reiterated its Buy rating and $37.00 price target on Facebook (NASDAQ: FB).

Sterne Agee noted, “We believe FB will likely post strong 4Q results, including 75%+ mobile revenue growth sequentially. We continue to believe FB should be a core holding in Internet portfolios. We believe FB is well positioned to benefit from two secular trends in advertising--the shift from off-line to on-line advertising and the increasing importance of a ‘Social' context in on-line advertising. Last week's better-than-expected results from Google also bode well for FB. Reiterating Buy and $37 target.”

Facebook closed on Friday at $31.54.

Latest Ratings for FB

DateFirmActionFromTo
Jan 2015Stifel NicolausMaintainsBuy
Jan 2015CRT CapitalMaintainsBuy
Jan 2015JefferiesMaintainsBuy

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Related Articles (FB)

Around the Web, We're Loving...

Get Benzinga's Newsletters