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Argus Upgrades Facebook (FB) to Buy

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Wells Fargo Likes Facebook's (FB) New Smartphone Strategy

April 5, 2013 10:00 AM EDT

Wells Fargo today maintained an Outperform rating on Facebook (NASDAQ: FB) with a price target of $36 to $39. Yesterday Facebook revealed its new Facebook Home launcher app designed to enhance social networking features on Android phones. Previously CEO Mark Zuckerberg downplayed the possibility that Facebook... More

UPDATE: Oracle Investment Research Starts Facebook (FB) at Strong Buy

April 5, 2013 6:39 AM EDT

(Updated - April 5, 2013 9:49 AM EDT)

Oracle Investment Research initiated coverage on Facebook (NASDAQ: FB) with a Strong Buy rating and a price target of $38.00.

Analysts said, "We think the new 'Facebook Home' hit a home run with their new HTC... More