Goldman Sachs Raises FB to $38 on Strong Upside To The Next Quarter. ///// LINKED
UPDATE: Goldman Sachs Reiterates Buy Rating, Raises PT on Facebook
Dwight Einhorn, Benzinga Staff Writer
January 16, 2013 10:22 AM
In a report published Wednesday, Goldman Sachs Group reiterated its Buy rating on Facebook (NASDAQ: FB [FREE Stock Trend Analysis]), and raised its price target from $35.00 to $38.00.
Goldman Sachs noted, “Overall we see upside to the quarter on the continued strong ramp in News Feed ads along with the new Gifts services which launched in late September.