Market Overview

UPDATE: SunTrust Raises PT on Facebook Ahead of Futures Products and Ads


In a reports published Friday, SunTrust analyst Robert S. Peck, CFA raised the 2014 price target for Facebook (NASDAQ: FB) from $40 to $55. Peck also raised his 2014 revenue estimate from $9.6B to $10.0B, and 2015 revenue estimates from $12.4B to $13.1B.

Analysts raised their revenue estimates to account for new and future products available to Facebook's massive user base. “As video ads, Instagram monetization and graph search roll out, we think our revenues could rise by ~$2b in 2017, or ~10%. Further, our EBITDA estimates also increase over by ~$1.0b in that timeframe providing further financial lift.”

The price target increase was a direct result from the analyst's new revenue estimates.

Facebook closed at $42.66 on Thursday, September 5th.

Latest Ratings for FB

Nov 2019UpgradesOutperformBuy
Oct 2019MaintainsHold
Oct 2019MaintainsOverweight

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Robert S. Peck SunTrust Robinson HumphreyAnalyst Color Price Target Analyst Ratings


Related Articles (FB)

View Comments and Join the Discussion!

Latest Ratings

WEEDCantor FitzgeraldMaintains18.9
TGTXCantor FitzgeraldMaintains19.0
SPLKCleveland ResearchDowngrades
IQVWolfe ResearchUpgrades
PRAHWolfe ResearchUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

SLIDESHOW: 5 Cell Phone Associated Stocks That Won't Give In

EGShares To Liquidate 12 Of Its ETFs