Facebook (FB) PT Raised to $190 at Morgan Stanley
Morgan Stanley analyst Brian Nowak raised the price target on Facebook (NASDAQ: FB) to $190.00 (from $175.00) while maintaining a Overweight rating following the company's 4Q earnings report. FB posted stronger revenue, EBIT, EPS and engagement, and results showed evidence that Stories is starting to drive higher engagement and monetization.
FB’s strong finish to 2018 speaks to the strength of its engagement, ad offering and ability to drive earnings power...even while navigating public scrutiny and aggressively investing to improve its platform safety/security, product offerings, and monetization.