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JP Morgan Highlights Facebook as Favorite 2014 Idea Ahead of Wednesday's Q4 Results

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Facebook (NASDAQ: FB) is slated to announce its 4Q13 earning aftermarket close on Wednesday, January 29. JPMorgan analyst Doug Anmuth speculates that FB is slated to report a strong 4Q due to mobile and news feed ads. He also reiterated that Facebook remains the "Favorite Idea in 2014."

Anmuth previously commented, "Mobile has moved from a headwind in 2013 to a tailwind in 2014. We note that Facebook's mobile revenue growth has been robust, despite relatively modest ad load increases, suggesting users, usage and ad-quality improvements can continue to drive strong revenue growth going forward."

JPMorgan currently rates Facebook as Overweight with a price target of $62.

FB is currently trading down around $53 from its previous close of $54.45 on Friday,

Latest Ratings for FB

DateFirmActionFromTo
Apr 2015Deutsche BankMaintainsBuy
Apr 2015JMP SecuritiesMaintainsMarket Outperform
Apr 2015JP MorganMaintainsOverweight

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Posted-In: Earnings News Reiteration Markets Analyst Ratings

 

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