Sterne Agee's Arvind Bhattia raised his price target on Buy-rated Facebook (Nasdaq: FB) from $32 to $37 following yesterday's Graph Search announcement.

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 $30.10 yesterday, with a 52 week range of $17.55-$42.99.

Analyst Comments Analyst PT Change

Facebook Graph Search Winners and Losers (FB) (GOOG) (YELP) (ANGI) (MM)January 16, 2013 1:01 PM Facebook (FB) Graph Search Another Potential Money TreeJanuary 16, 2013 8:25 AM Facebook's (FB) 'Graph Search' Could Be Worth $7-$8/Sh; Google (GOOG) Should Take Note - TopekaJanuary 15, 2013 4:47 PM Facebook (FB) Partnering with Bing for Graph Search (MSFT)January 15, 2013 1:48 PM Facebook (FB) Debuts New 'Graph Search' FeatureJanuary 15, 2013 1:33 PM Google (GOOG) Initially Higher on Facebook (FB) 'Graph Search' AnnouncementJanuary 15, 2013 1:10 PM Facebook (FB) Zuckerberg announces "graph search"January 15, 2013 1:08 PM