Facebook Inc (NASDAQ: FB) earnings are due out after the market close on Wednesday. Wall Street analysts are calling for EPS of $0.98 on revenue of $6.92 billion. The tech giant is expected to deliver its 14th consecutive quarter of revenue growth.
A number of Wall Street firms cover Facebook stock with ratings and price targets ahead of the company’s report. Here’s a summary of the Street’s expectations:
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- Credit Suisse: Outperform rating with a price target of $170
- JP Morgan: Overweight rating with a target of $175
- Loop Capital: Buy rating with a target of $165
- Citigroup: Buy rating with a target of $158
- Morgan Stanley: Overweight rating with a target of $160
- Goldman Sachs: Buy rating with a target of $162
- RBC Capital: Outperform rating with a target of $170
- Wedbush: Outperform rating with a target of $162
- MKM Partners: Buy rating with a target of $165
- Stifel: Buy rating with a target of $155
- Piper Jaffray: Overweight rating with a price target of $185
- Needham: Buy rating with a price target of $150
- Mizuho: Buy rating with a price target of $150
- FBN Securities: Outperform rating with a price target of $160
- Deutsche Bank: Buy rating with a price target of $170
All together, the average analyst price target among the firms mentioned above is around $164.