Needham & Company Remains Bullish on Facebook (FB) Ahead of 2Q15 Results
Get Alerts FB Hot Sheet
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Needham & Company reiterates a Buy rating and $93.00 price target on Facebook (NASDAQ: FB) ahead of 2Q15 earnings results. Analyst Laura Martin maintains revenue estimates of $4B, and Non-GAAP EPS estimate of $0.39.
Martin commented, "We maintain our FB estimates for 2Q15 of revenue of $4B (up 38% y/y), Non-GAAP Operating Income of $2.1B (up 22% y/y), and Non-GAAP EPS estimate of $0.39 (down 6% y/y). We also maintain our FY15 estimates of revenue of $17.04B (up 37% y/y), Non-GAAP Operating Income of $8.9B (up 24% y/y), and NonGAAP EPS of $1.76 (up 2% y/y). We maintain our Buy rating and $93 Target Price based on FB’s 1.44B person global reach and optionality upside provided by their 4 key properties, each of which has premium shelf-space status on the first two screens of most SmartPhones, and 3 of which have no meaningful monetization today."
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 $87.22 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Growth isn't weak enough to truly undercut inflation pressures - BMO
- KDDI Corp. (9433:JP) (KDDIY) PT Lowered to JPY4,520 at HSBC
- Needham Reiterates Buy Rating on Amazon.com (AMZN), Raises Estimates
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & Company, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!