Market Overview

J.P. Morgan Reiterates Overweight on Facebook Following July Mobile Data Release

Share:
Related FB
Earnings Scheduled For January 28, 2015
Must Watch Stocks for January 28, 2015
Will Gigamon (GIMO) Surprise this Earnings Season? - Analyst Blog (Zacks)

In a report published Friday, J.P. Morgan analyst Doug Anmuth reiterated an Overweight rating and $44.00 price target on Facebook (NASDAQ: FB).

In the report, J.P. Morgan noted, “comScore's July mobile data released last night showed continued solid engagement metrics for Facebook across desktop and mobile in the U.S. Engagement concerns among investors have eased some since 2Q earnings as Facebook confirmed that time spent per user continues to increase, internal data shows steady usage and engagement among teens, and of course monetization has improved. Still, engagement remains a concern for some, but we continue to believe that Facebook's strong mobile usage is offsetting desktop declines and that competing services are having only a modest impact on Facebook.”

Facebook closed on Thursday at $38.55.

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: Doug Anmuth J.P. MorganAnalyst Color Reiteration Analyst Ratings

 

Related Articles (FB)

Around the Web, We're Loving...

Get Benzinga's Newsletters