Facebook (FB) May Be Ready to Monetize Instagram
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- ICZOOM Group (IZM) Discloses Request to Withdraw Registration Statement on Form F-1
- Alaska Airlines flights resume after being grounded over aircraft system issue
- Lithium Americas Corp (LAC) Announces Proposed 55M Share Offering
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- Tesla, Blackstone, Las Vegas Sands fall premarket; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
- After-hours movers: United Airlines, J.B. Hunt, and more
- Midday movers: Morgan Stanley, UnitedHealth rise; Tesla falls
Facebook (FB) Goes From Dog To Darling
November 27, 2012 9:56 AM ESTIt is official. After crumbling in the aftermath of the company's troublesome IPO, Facebook (Nasdaq: FB) stock has finally turned a corner, outperforming the market since the start of Q4. What's more, despite recent gains, some say Facebook stock still looks attractive based on valuation, and importantly, many negatives including worries over lockups and mobile-shift are beginning to fade.
Can it really be? Is Facebook stock really -- gulp -- a buy?
Mobile
Facebook isn't the only technology company affected by the phenomena known as... More
Topeka Capital Raises Target on Facebook (FB) to $36 Citing E-Commerce Opportunity
November 26, 2012 9:49 AM ESTTopeka Capital raised its price target on Facebook (NASDAQ: FB) from $34 to $36, while reiterating their Buy rating.
"With two of the biggest bearish concerns on Facebook's shares largely behind the company (ability to monetize mobile & lock-up expirations), we refocus on the options for Facebook,... More
BTIG Upgrades Facebook (FB) to Neutral on Accelerated Ad Units
November 26, 2012 9:17 AM ESTBTIG upgraded Facebook (NASDAQ: FB) from Sell to Neutral.
Analyst Richard Greenfield comments "With Facebook's payments revenue lever gone (thanks to Zynga's collapse), we felt Facebook was pulling too hard on its "main" advertising revenue lever and that it would be... More
Bernstein Upgrades Facebook (FB) to Outperform; Risky But Worth It
November 26, 2012 7:26 AM ESTBernstein upgraded Facebook (NASDAQ: FB) from Market Perform to Outperform with a price target of $33.00 (up from $23.00).
The firm sees Facebook beating average revenue estimates over the next 12-24 months as monetization of Newsfeed inventory drives growth.
While Bernstein is upgrading... More