UPDATE: Oppenheimer Starts Facebook (FB) at Outperform
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Price: $24.21 --0%
Rating Summary:
28 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 7
Rating Summary:
28 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 7
Trade FB Now!
(Updated - June 27, 2012 7:26 AM EDT)
Oppenheimer initiates coverage on Facebook (NASDAQ: FB) with a Outperform. PT $41.00.
The firm comments, "Facebook is the world's largest social networking website, with 901 million monthly active users worldwide, or 35% global penetration. As users upload more personal information, this increases FB's competitive position. With the fragmentation of media and communication, we believe consumers will increasingly find media and information through their social graph, positioning FB in the middle of this information exchange. Furthermore, the proliferation of smart devices is increasing internet usage and the shift to 4G will improve mobile advertising monetization, in our view. We forecast 2011-2018 revenue, EBITDA and non-GAAP EPS growth of 30%, 31%, and 32%, respectively."
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 $33.10 yesterday, with a 52 week range of $25.52-$42.99.
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Oppenheimer initiates coverage on Facebook (NASDAQ: FB) with a Outperform. PT $41.00.
The firm comments, "Facebook is the world's largest social networking website, with 901 million monthly active users worldwide, or 35% global penetration. As users upload more personal information, this increases FB's competitive position. With the fragmentation of media and communication, we believe consumers will increasingly find media and information through their social graph, positioning FB in the middle of this information exchange. Furthermore, the proliferation of smart devices is increasing internet usage and the shift to 4G will improve mobile advertising monetization, in our view. We forecast 2011-2018 revenue, EBITDA and non-GAAP EPS growth of 30%, 31%, and 32%, respectively."
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 $33.10 yesterday, with a 52 week range of $25.52-$42.99.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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