Facebook (FB) Tops Q1 EPS by 15c; Will Create New Class of Voting Stock

Facebook (FB) PT Raised to $145 at Stifel

April 28, 2016 10:24 AM EDT

Earlier, Stifel analyst Scott Devitt reiterated a Buy rating and boosted its price target on Facebook (NASDAQ: FB) to $145.00 (from $130.00).

Dewit commented, "Facebook beat consensus revenue / EPS by 2% / 24% in 1Q:16 as both total revenue and ad revenue did not decelerate from 4Q:15s impressive growth... More

Facebook (FB) PT Raised to $140 - Raymond James

April 28, 2016 9:37 AM EDT

Raymond James analyst, Aaron Kessler, raised his PT to $140 on Facebook (NASDAQ: FB) as he expects: 1) continued strength in user growth across platforms; 2) continued advertising share gains; 3) increasing monetization from newer platforms (i.e., Instagram, Messenger).

Facebook reported a strong 1Q marked by 63% y/y forex neutral ad revenue growth, 76% y/y mobile revenue growth, and solid engagement trends (daily average user growth of 16.6% y/y). Despite recent macro concerns in the market, Facebook noted strength across verticals, marketer segments, and geographies (especially... More

Wedbush Raises Facebook (FB) PT to $145

April 28, 2016 8:58 AM EDT

Wedbush analyst, Michael Pachter, believes that Facebook (NASDAQ: FB) has an insurmountable competitive advantage with over 1.6 billion monthly active users and over 1 billion daily active users, and has succeeded in convincing 3 million advertisers that its captive audience will yield returns on advertising investment. PT goes to $145 from $128 and no change to Outperform rating.

Facebook once again handily beat consensus estimates and exceeded... More

Facebook (FB) PT Raised to $165 at RBC Capital

April 28, 2016 8:29 AM EDT

RBC Capital analyst Mark Mahaney reiterated an Outperform rating and boosted his price target on Facebook (NASDAQ: FB) to $165.00 (from $160.00) following strong results.

The keys to the quarter, according to the analyst:

1. More Friends MAUs up 15% Y/Y (fastest growth in 2... More

Facebook (FB) PT Raised to $145 at Credit Suisse

April 28, 2016 7:53 AM EDT

Credit Suisse analyst S. Ju reiterated an Outperform rating and raised its price target on Facebook (NASDAQ: FB) to $145.00 (from $142.00) following strong results.

Ju commented, "FB reported strong results with rev/Adj. EPS of $5.38b/$0.77 vs. cons $5.26b/$0.62. Our 2Q16 estimates... More

Facebook (FB) PT Raised to $160 at Jefferies

April 28, 2016 7:14 AM EDT

Jefferies US Internet Team reiterated a Buy rating and boosted its price target on Facebook (NASDAQ: FB) to $160.00 (from $145.00).

The team commented, "It was another big beat driven by the soaring mobile ad business. User and engagement levels were at the highest levels... More

Facebook (FB) PT Raised to $135 at SunTrust Robinson Humphrey

April 28, 2016 6:46 AM EDT

SunTrust Robinson Humphrey analyst Bob Peck reiterated a Buy rating and boosted his price target on Facebook (NASDAQ: FB) to $135.00 (from $125.00).

Beck commented, "Facebook's 1Q report refuted the growing concerns that 1Q was broadly impacted by macro digital advertising weakness across the... More

Facebook (FB) PT Raised to $155 at Evercore ISI

April 28, 2016 6:26 AM EDT

Evercore ISI analyst Ken Sena reiterated a Buy rating and boosted his price target on Facebook (NASDAQ: FB) to $155.00 (from $150.00) following strong Q1 results.

Sena commented, "FB offered yet another impressive quarter with 57% ad revenue growth vs. our est. 53% (Street 51%) from strength across all... More

Facebook (FB) PT Raised to $135 at Baird

April 28, 2016 6:25 AM EDT

Baird analyst Colin Sebastian reiterated an Outperform rating and raised his price target on Facebook (NASDAQ: FB) to $135.00 (from $120.00).

Sebastian commented, "As previewed, fears of a Q1 slowdown were overblown as results significantly exceeded Street expectations, highlighted by continued robust revenue... More

Facebook (FB) PT Raised to $145 at Susquehanna

April 28, 2016 6:22 AM EDT

Susquehanna analyst Shyam Patil reiterated a Positive rating and raised its price target on Facebook (NASDAQ: FB) to $145.00 (from $140.00) following another big quarter.

Patil highlighted:

Our thoughts going forward and upcoming catalysts. Facebook once again delivered a big quarter, surprising most by beating an aggressive bar, demonstrating that the secular ad budget share gain story is in full force. We see core NF, video, and Instagram as the key near-to-intermediate-term drivers, and... More

Facebook revenue smashes expectations as mobile ad sales surge

April 27, 2016 4:11 PM EDT

By Yasmeen Abutaleb and Anya George Tharakan

(Reuters) - Facebook Inc's (NASDAQ: FB) quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending.

The company's shares rose 9.5 percent in after-hours trading on Wednesday to $118.39, setting it on track to open at a new high on Thursday, at nearly triple its initial public offering four years ago.

Facebook also announced it will create a new class of... More

Facebook (FB) Lower Ahead of EPS Print

April 27, 2016 1:44 PM EDT

Facebook (NASDAQ: FB) has yet to see a pre-earnings bounce ahead of earnings after the close. Shares last traded down 1.54% to $107.09. Analysts see a 'high hurdle' this quarter.

Analysts on average are looking for EPS of $0.62 on revenue of $5.26 billion, representing growth of 47.6% and 48.3%, respectively.

... More