Facebook Stock Gets A Price-Target Increase As Growth Drivers Kick In [Investor's Business Daily]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: Investors Business Daily
Related news A Wall Street analyst Monday raised the price target on Facebook on a view that various growth drivers such as Instagram will enable the social media giant to drive long-term revenue growth without a material lift in ad loads. X Credit Suisse analyst Stephen Ju raised his target on Facebook ( FB ) to 265 from 240, with a rating of outperform. Ju said a check with advertisers indicated a "modest deceleration" in ad budget growth overall. But that was offset by ad-budget growth for Instagram, the Facebook-owned mobile app for photo and video sharing. Facebook also saw strong growth from its premium video business, he wrote in a report to clients The Facebook stock-price increase on Monday followed two on Friday. Jefferies analyst Brent Thill raised his price target to 240 from 215. And three of four FANG stocks got a price target bump. It followed a survey of ad buyers in which 40% said they'll boost ad spending above previous expectations for the rest of 2018. Th
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