Zillow's (Z) Spencer Rascoff Really, Really Likes Facebook (FB)
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Facebook (FB) PT Lifted to $108 at Brean Capital Following Monetization Report
June 17, 2015 6:24 AM EDTBrean Capital analyst Sarah Hindlian reiterated a Buy rating and boosted her price target on Facebook (NASDAQ: FB) to $108.00 (from $100.00) after a deep dive on Facebooks early stages of monetization of its Owned & Operated (O&O) mobile applications, including Instagram, WhatsApp, and Messenge.
"Our work on Instagram causes us to increase our FY15 Revenues from $17.1bn to $17.3bn, FY16 from $22.8bn to $24.8bn and FY17 from $29.2bn to $31.8bn,"... More
