Facebook (FB) Active Users Continue Lower as Monthly Visitor Numbers Remain Firm - GWI
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Facebook (FB) Gains as JPMorgan Notes 'Impressive' April Engagement; Remains Favorite Idea
May 14, 2015 10:24 AM EDTFacebook (NASDAQ: FB) is stronger off the open (+1.8%) following positive comments from JPMorgan analyst Doug Anmuth. The analyst reiterated an Overweight rating and $100 price target, noting share of mobile remained strong at 24% in April.
"Facebook remains our top pick in 2015 as we believe its still early in monetizing Facebook's base of 1.4B users and the company is building other strong franchises in Instagram, Messenger, & WhatsApp. comScore data suggests continued strong engagement as Facebooks share of mobile Internet time excluding Instagram & WhatsApp in April was 24%, and its... More
