Market Overview

Bank of America Reiterates Buy Rating, $35 PT on Facebook

Share:
Related FB
Facebook Launches Creator App, Eyes More Video Content
Your Tech ETF Could Lose Some Of Its FANGs
Wall Street Breakfast: Tencent Tops Facebook In Valuation (Seeking Alpha)

In a report published Monday, Bank of America reiterated its Buy rating and $35.00 price target on Facebook (NASDAQ: FB).

Bank of America noted, “FB is an investment in increasing social and mobile Internet usage, and also offers exposure to growing Internet usage in emerging markets. Driven by user growth, new product offerings, and new ad formats, we expect FB to gain share in advertising markets and grow 30% over the next 3 yrs, which warrants a premium valuation to its Internet peers.”

Facebook closed on Friday at $31.54.

Latest Ratings for FB

DateFirmActionFromTo
Nov 2017Canaccord GenuityMaintainsBuy
Nov 2017Credit SuisseMaintainsOutperform
Nov 2017OppenheimerMaintainsOutperform

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Reiteration Analyst Ratings

 

Related Articles (FB)

View Comments and Join the Discussion!

Partner Center