Piper Jaffray Reinterates $ 38 Target on Facebook. ///link ///
Wall Street Cheat Sheet By" Leah Powell Updated 12/17/12
Facebook, Inc. (NASDAQ:FB) is believed by Piper Jaffray to have a significant opportunity regarding commerce, and the firm believes that the contributions could possibly begin during 2013. Piper believes that it will fully launch of the “want” button next year, which it believes will assist in starting Facebook’s monetization efforts in commerce. The firm keeps its Overweight rating and a $38 price target on the stock.