JP Morgan Reiterates On Facebook

On Tuesday, analysts at JP Morgan reiterated an Overweight rating on Facebook Inc FB. The firm has an $85 price target on the stock.

Analyst Doug Anmuth finds Facebook's share of mobile time remains strong.

"We reiterate our Overweight rating on Facebook as engagement metrics across mobile and desktop remain strong. This report looks at November mobile and desktop data, which shows Facebook’s share of overall Internet time improved M/M to 16.9%."

Shares of Facebook recently traded at $75.49, down 1.9 percent.