Facebook (FB) Bullish View Reiterated at Jefferies, Est. Raised

November 3, 2016 6:46 AM EDT
Get Alerts FB Hot Sheet
Price: $128.93 +1.49%

Rating Summary:
    49 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Jefferies analyst Brian Fitzgerald reiterated a Buy rating and $170 price target on Facebook (NASDAQ: FB) following results, saying it is the

Fitzgerald commented, "Back in Jan. we said the '15 holidays would be remembered as a watershed moment for mobile ads. This appears to be playing out as ad dollars pour into mobile campaigns with FB the primary beneficiary, attracting more new ad dollars than even larger peer GOOGL. Investors will focus on the '17 outlook, which suggests high expenses and slowing growth. FB currently trades at 26x '17 EPS, its lowest multiple ever."

The firm raised Q4 EPS from $1.13 to $1.22, FY 2016 EPS from $3.68 to $3.86 and FY 2017 EPS from $4.43 to $4.51.

For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.

Shares of Facebook closed at $127.17 yesterday.

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