Goldman Sachs Reiterates on Facebook on Future Monetization Opportunities

In a report published Tuesday, Goldman Sachs analyst Heather Bellini reiterated a Buy rating and $61.00 price target on

. In the report, Goldman Sachs noted, “In the latest in our ongoing series on monetization opportunities for Facebook, we look at the potential ad revenue Instagram could generate for Facebook in 2014 given the company announced it would begin showing ads on the Instagram service on October 3.” Facebook closed on Monday at $48.22.