WALL STREET: Three Analysts Tout Facebook
Facebook was on the receiving end of some Wall Street praise Friday, as three analysts said positive things about the social network on CNBC’s “Fast Money.”
Facebook was on the receiving end of some Wall Street praise Friday, as three analysts said positive things about the social network on CNBC’s “Fast Money.”
Raymond James & Associates Analyst Aaron Kessler said he sees mobile advertising boosting the social network’s stock to $37 per share within 12 months, adding that the company was showing improvement in advertising, and Facebook Exchange was “gaining some traction,” and saying:
I think in the near term, there is going to be upside to first-quarter estimates here.
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