Oppenheimer Leaves Facebook's $100 Price Target Unchanged Following 'Solid Quarter'

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Jason Helfstein of Oppenheimer on Wednesday stated in a note that his $100 price target on

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Facebook Inc

(NASDAQ: FB) are unchanged following a better-than-expected fourth-quarter results.“While 4Q margins were lower than expected on higher expenses, management narrowed the high end of its outsized '15 expense guidance,” Helfstein wrote. “However, we still believe expense guidance is overly conservative, given the magnitude of the margin beat in '14.”Helfstein notes that Facebook's fourth quarter ad revenue that rose 53 percent year-ove- year (58 percent excluding foreign exchange) was 4 percent better than expected and driven by mobile and better performing Newsfeed ads, which the company continues to slowly roll out.The analyst's $100 price target is derived from a 30x multiple on 2016E non-GAAP earnings per share of $2.90 plus a $24 billion valuation for Instagram and a $19 billion valuation for WhatsApp.