Wedbush Securities Analyst Michael Pachter Raises Facebook Target To $35
Wedbush analyst Michael Pachter said in a research note today that there's good reason to be bullish on the company's shares and he has placed Facebook's price target over the next 12 months at $35:
Our price target reflects Facebook's strong monetization potential from increased mobile penetration and a series of initiatives as well as future success from new products like Graph Search and targeted ads.
He also said to sell Netflix recently with price target of something like $40 a share - that was a huge loser. He said to buy Coinstar redox instead which tanked -- guy is not smart when it comes to tech stocks