Topeka Adds China as L-T Catalyst for Facebook

In a report published Monday, Topeka Capital Markets analyst Victor Anthony noted the China catalyst opportunity for

. Anthony noted previous conversations with Chinese industry pundits and a recent job posting for a language specialist in simplified Chinese on Facebook. The analyst wrote, “we believe it is a matter of when, not if, Facebook enters China. As such, we are adding entry into China, the world's largest Internet market, as a long-term catalyst for Facebook.” Topeka reiterated other near-term catalysts including Instagram monetization and video ads. The analyst sees further long-term catalysts in monetization of Graph Search and WhatsApp. Victor Anthony maintained a Buy rating and $75.00 price target on Facebook. Shares of Facebook closed at $58.53 on Friday. The stock is currently up 1.76% at $59.56.