Facebook (FB) PT Raised to $100 at Cantor Fitzgerald

Cantor Fitzgerald analyst Youssef Squali reiterated a Buy rating and boosted his price target on Facebook (Nasdaq: FB) from $92 up to $100 to reflect the growing shift of ad dollars online, mobile usage, and Facebook's fresh suite of mobile-first ad offerings.

Squali said FB remains a top pick given: 1) its position as the largest/most engaging mass-reach Internet platform for advertisers, offering personalized marketing at scale, 2) its attractive valuation, and 3) its ownership of Instagram, Messenger, WhatsApp and Oculus, each with compelling prospects.

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 $85.77 yesterday.

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