Raymond James Ups Rating On Facebook Stock
Facebook got some more good news on Wall Street ahead of its fourth-quarter earnings call Wednesday), as Raymond James & Associates Analyst Aaron Kessler raised his rating on the social network’s stock to “outperform” from “market perform” and set a target price of $38 per share, matching the stock’s debut price.
Facebook got some more good news on Wall Street ahead of its fourth-quarter earnings call Wednesday), as Raymond James & Associates Analyst Aaron Kessler raised his rating on the social network’s stock to “outperform” from “market perform” and set a target price of $38 per share, matching the stock’s debut price.
According to Forbes, Kessler also:
- Increased his fourth-quarter revenue forecast for Facebook to $1.57 billion, slightly above the consensus figure of $1.5 billion.
- Pegged non-GAAP (generally accepted accounting principles) profit at 18 cents per share, above Wall Street’s estimate of 16 cents.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in