WALL STREET: Sterne Agee’s Arvind Bhatia Bullish On Instagram Advertising

The announcement by Instagram Thursday that it would begin incorporating advertising into its feed prompted Sterne Agee Analyst Arvind Bhatia to raise his target price for shares of Instagram parent Facebook to $58 apiece from $50.

The announcement by Instagram Thursday that it would begin incorporating advertising into its feed prompted Sterne Agee Analyst Arvind Bhatia to raise his target price for shares of Instagram parent Facebook to $58 apiece from $50.

david.cohen@adweek.com David Cohen is editor of Adweek's Social Pro Daily.
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