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What Wall St. Is Watching When Facebook Reports Earnings This Afternoon

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What Wall St. Is Watching When Facebook Reports Earnings This Afternoon
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Traders only have a few more hours to decide how to play Facebook Inc (NASDAQ: FB) ahead of its Q4 earnings report due out after the market close on Wednesday. Here’s a look at what four Wall Street firms think about the stock.

JPMorgan

Analyst Doug Anmuth is bullish on Facebook “given strong FXN ad revenue growth driven by mobile newsfeed, strong engagement across properties & upside from higher video & Instagram load.”

The firm has an Overweight rating and $127 price target.

A.B. Bernstein

Analyst Carlos Kirjner feels it is “difficult to have great confidence on the rate at which Instagram revenue will ramp up over the next few years.”

The firm maintains a Market Perform rating and $134 price target.

Related Link: How Apple Hits $70s In 1 Chart

Needham

Analyst Laura Martin is a buyer of Facebook because the company is extremely well-positioned in a “winner take all” digital market.

The firm maintains a Buy rating and $115 price target.

Jefferies

Analyst Brian Pitz believes Facebook is “set for a beat, driven by mobile advertising.”

The firm maintains a Buy rating and $135 price target.

Disclosure: the author holds no position in the stocks mentioned.

Latest Ratings for FB

DateFirmActionFromTo
Dec 2017Evercore ISI GroupInitiates Coverage OnOutperform
Nov 2017Canaccord GenuityMaintainsBuy
Nov 2017Credit SuisseMaintainsOutperform

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Analyst Color Earnings News Price Target Previews Reiteration Analyst Ratings Tech Best of Benzinga

 

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