What Wall St. Is Watching When Facebook Reports Earnings This Afternoon
Traders only have a few more hours to decide how to play Facebook Inc (NASDAQ: FB) ahead of its Q4 earnings report due out after the market close on Wednesday. Here’s a look at what four Wall Street firms think about the stock.
Analyst Doug Anmuth is bullish on Facebook “given strong FXN ad revenue growth driven by mobile newsfeed, strong engagement across properties & upside from higher video & Instagram load.”
The firm has an Overweight rating and $127 price target.
Analyst Carlos Kirjner feels it is “difficult to have great confidence on the rate at which Instagram revenue will ramp up over the next few years.”
The firm maintains a Market Perform rating and $134 price target.
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Analyst Laura Martin is a buyer of Facebook because the company is extremely well-positioned in a “winner take all” digital market.
The firm maintains a Buy rating and $115 price target.
Analyst Brian Pitz believes Facebook is “set for a beat, driven by mobile advertising.”
The firm maintains a Buy rating and $135 price target.
Disclosure: the author holds no position in the stocks mentioned.
Latest Ratings for FB
|Oct 2016||Credit Suisse||Maintains||Outperform|
|Sep 2016||JP Morgan||Maintains||Overweight|
|Sep 2016||Loop Capital||Initiates Coverage on||Buy|
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