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Facebook, Inc. (FB) Message Board

  • getintoh20 getintoh20 Jan 30, 2014 6:59 AM Flag

    Jefferies raised pt to $80

    Jefferies US Internet Team reiterated a Buy rating on Facebook (NASDAQ: FB) and raised their price target on the stock from $60 to $80 following strong Q4 results.

    "What's not to 'like' in a quarter like this? Facebook continues to impress with accelerating revenue, a soaring mobile ad business (+306% Y/Y to $1.2B) meaningful margin expansion (67% Adj. EBITDA mgn, +650bps Y/Y), the most users ever (1.23B), and the highest engagement ever (62% of users log in daily)," the Internet Team said. "With two meaningful, clearly identifiable catalysts in Instagram and video ads, we reiterate Buy and raise our PT to $80."

    The firm raised Q1 EPS from $1.07 to $1.16.

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