Market Overview

Sterne Agee Reiterates Buy Rating, $37 PT on Facebook

Share:
Related FB
Axiom: Facebook Is Worth $105/Share
BlackBerry Is 'Catering To Entrepreneurs' As They Move Away From Android
Twitter Derives Momentum from Higher Advertising Revenues - Analyst Blog (Zacks)

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

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

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→