Facebook (FB) PT Raised to $135 at Credit Suisse
Credit Suisse analyst S. Ju reiterated an Outperform rating and raised its price target on Facebook (NASDAQ: FB) to $135.00 (from $115.00) following strong q3 results.
Ju commented, "Facebook reported better-than-expected results with revenue and Adj. EPS of $4.5b and $0.57 respectively vs. consensus $4.37b and $0.52. Our 4Q15 estimates for revenue, adj. EBITDA and adj. EPS are now $5.65b, $3.86b, and $0.75 respectively vs. prior $5.64b, $3.71b, and $0.71. For FY16, our estimates for revenue, adj. EBITDA, and adj. EPS are now $27b, $16b, and $3.27 vs. prior $26.4b, $14.6b, and $2.92."
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Shares of Facebook closed at $103.94 yesterday.