Facebook Outlook Strong; Buy Rating Reiterated

By | January 11, 2016

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Facebook (FB) is positioned for strong revenue growth from video ads and increased monetization of Instagram, says Rosenblatt Securities, which on Monday reiterated its buy rating on Facebook stock. Rosenblatt analyst Martin Pyykkonen set a price target of 125, saying Facebook remains a top pick across the Internet, media and entertainment sector for 2016. Facebook stock was flat, near 97, in midday trading on the stock market today. The stock hit Scalper1 News

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