Facebook ad revenue grew for third straight quarter, says Piper Jaffray

theflyonthewall.com

Piper Jaffray views Facebook's Q1 results as positive since the company's ad revenue accelerated for the third quarter in a row to 43%. Piper expects shares to trade higher as investors become more comfortable with the quarter and maintains an Overweight rating on the stock with a $38 price target.

Rates

View Comments (0)