Market Overview

UPDATE: Stifel Nicolaus Upgrades Facebook to Buy

Share:
Related FB
The Market In 5 Minutes
Internet Stock Catalysts: What's Ahead, Who Will Benefit And Who's At Risk
Stocks Rattled By North Korea Talk; Sprint/T-Mobile Deal Near? (Investor's Business Daily)

Stifel Nicolaus raised its rating on Facebook (NASDAQ: FB) from Hold to Buy and established a $26 price target.

Stifel Nicolaus commented, "Facebook reported modest upside to our estimates and consensus, with an impressive 14% of total revenues from mobile. The contribution from mobile more than offset a $39mn q/q decline in desktop ad revenues. ... Importantly, total revenue growth accelerated and margins increased. We believe the growth and margin ramp will extend into 2013. Estimates increase slightly. We would use the weakness surrounding the lockup expirations to add to positions."

Facebook closed at $19.50 on Tuesday.

Latest Ratings for FB

DateFirmActionFromTo
Aug 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy
Aug 2017MizuhoReinstatesBuy
Jul 2017Pivotal ResearchDowngradesHoldSell

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (FB)

View Comments and Join the Discussion!
Loading...
Loading...