Topeka Says Buy the Dip in Facebook; Notes 'Several Clear Reasons' to Be Shareholder

Topeka Capital's Victor Anthony issued a note Friday advising investors to buy the weakness in shares of Facebook

. The stock is down about 3 percent at last check. Anthony believes there are "several clear reasons" to own Facebook: ramping in mobile monetization, a chance Facebook could introduce a search engine and potential e-commerce which could eventually be a meaningful contributor to the company's financials. The analyst also mentioned possible positive catalysts from Instagram and Facebook Exchange. Topeka Capital maintains a Buy rating and $36 price target on Facebook shares.