Monness, Crespi, Hardt analyst Brian White raised the price target on Facebook (NASDAQ: FB) to $260.00 (from $250.00) while maintaining a Buy rating.

White commented, "Facebook reported strong 2Q:19 results and we are raising our estimates, while boosting our 12-month price target to $260 from $250. Although we expect the negative news flow to continue, Facebook is executing well and innovating for the future."