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Strong core fundamentals and revenue growth coming from video ads and Instagram led Rosenblatt Securities to reiterate a buy rating on Facebook (FB) stock. Rosenblatt analyst Martin Pyykkonen set a price target of 115 on the social networking giant. Facebook stock was down 1.5%, near 92.50, in midday trading on another rough day in the stock market today. Facebook stock hit an all-time high of 99.24 on July 21. “Our bullish outlook on Facebook Scalper1 News
Scalper1 News