Facebook (FB) Price Target Raised to $100 at Jefferies Post Q2

Jefferies US Internet Team reiterated a Buy rating on Facebook (NASDAQ: FB) and boosted its price target to $100.00 (from $85.00) following strong Q2 results.

The commented, "FB posted solid top-line beat but it was the margin expansion that stood out. We note it is impressive FB is delivering this kind of growth without any meaningful contribution from promising go-forward growth levers like Instagram or video ads. Given FB's ever-deepening ties to eCommerce we think the company looks well positioned to capitalize on strong holiday shopping trends during 4Q."

FY 2014 EPS goes from $1.32 to $1.45.

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 $71.29 yesterday.

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