FB up from $17 to $32+ in 3 weeks on MOBILE ADS monetization report, VELT should be $25 +++++
FB up from $17 to $32+ (rising company's value by over $30 BILLIONS in 3 weeks on MOBILE ADS monetization report, VELT should be $25 +++++ given we are leader in the industry with reach in 40 countries and 1300+ corporate customers.
Facebook Inc. FB+1.42% drew an upgrade to buy from hold at Deutsche Bank on Monday as chatter continues ahead of a surprise media event for the social networking firm.
Deutche Bank analyst Ross Sandler said Facebook “has more revenue momentum than any company we cover heading into 2013.” The company’s mobile newsfeed advertising is “the game-changer, but the ramp up is happening much faster than our initial estimates and we see several new catalysts emerging,” Sandler said.
He’s expecting ad growth better than 40% in 2013, which is more bullish than his peers, he noted.
Sandler said Facebook’s announcement on Tuesday could be related to its search technology to boost navigation for PC and mobile users.
So far, analysts are speculating over a possible Facebook phone, search engine, or a new mobile advertising push.
The Deutsche Bank upgrade marks the latest in a warming trend toward Facebook, with the last sell rating lifted two weeks ago.
Still, Facebook could see its shares beaten down a bit if its event on Tuesday announcement lacks a punch.
VELT needs to put out some exciting news. It has been weeks or months we heard anything big. We need more news like the $27 mln contract deal. One such news and we will be well over $10. Slowly the stock will rise to $15 - $30 this year. Its a steal around $5.