Market Overview

UPDATE: Credit Suisse Reiterates on Facebook on Updated Estimates, 3Q13 Earnings Preview

Related FB
Barclays Boosts Target On Amazon From $700 To $850
Early Global News: Morgan Stanley To Cut Bond And Currency Trading Jobs, Express Scripts Passes On Daraprim
Gates foresees clean energy (Investor's Business Daily)

In a report published Monday, Credit Suisse analyst Stephen Ju reiterated a Neutral rating on Facebook (NASDAQ: FB), and raised the price target from $36.00 to $61.00.

In the report, Credit Suisse noted, “We update our FB estimates and preview the 3Q13 earnings report. We have raised our DCF-derived target price to $61 (vs prior $36) as we roll forward our valuation parameters to end-of-2014. We have updated our model and raised our top and bottom line estimates following channel checks as well as refinements to credit the company with incremental mobile monetization. While we maintain our positive bias on FB with the company set to capitalize on the continued movement of brand advertising budgets online, with shares already reflecting what we believe are near-to-medium term benefits of both mobile monetization as well as FBX, we maintain our Neutral rating for now.”

Facebook closed on Friday at $51.96.

Latest Ratings for FB

Nov 2015Argus ResearchMaintainsBuy
Nov 2015Credit SuisseMaintainsOutperform
Nov 2015Morgan StanleyMaintainsOverweight

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Credit Suisse Stephen JuAnalyst Color Price Target Analyst Ratings


Related Articles (FB)

View Comments and Join the Discussion!

Get Benzinga's Newsletters