Facebook Outlook Positive Ahead Of Developer Powwow

By | March 23, 2015

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Facebook (FB) received two stock price target upgrades ahead of its annual developer conference, where important announcements are expected. Piper Jaffray analyst Gene Munster reiterated an overweight rating on Facebook and raised his price target to 92 from 84. JMP Securities also hit the like button on Facebook, raising its price target to 97 from 94. Facebook stock, which on Friday hit an all-time high of 84.60, was trading near 84, up a Scalper1 News

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