Goldman Sachs Is Bullish On Facebook
Goldman Sachs added to the positive sentiment about Facebook on Wall Street, boosting its 12-month share-price target for the social network to $38 from $35.
Goldman Sachs added to the positive sentiment about Facebook on Wall Street, boosting its 12-month share-price target for the social network to $38 from $35.
According to MarketWatch, Goldman Sachs cited ads in Facebook’s news feed, as well as its new Gifts offering.
Goldman Sachs analysts wrote in a research note, as reported by MarketWatch, that Gifts could generate $20 million to $45 in payments revenue that is not currently included in their fourth-quarter estimates, which it projected as $1.49
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in