Scalper1 News
Credit Suisse raised its price target on Facebook (FB) stock to 90 from 87 on Tuesday, saying Wall Street is underestimating the social network’s ability to make money from its massive user base. Credit Suisse analyst Stephen Ju said Wall Street’s models are too conservative and underestimate the long-term monetization potential of Facebook’s upcoming ad products. Ju rates Facebook stock as outperform, or buy. Facebook stock was up more than 2% in Scalper1 News
Scalper1 News