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Facebook PT hiked to Street-high $55 at SunTrust

Sep. 06, 2013 7:31 AM ETMeta Platforms, Inc. (META) StockMETABy: Stephen Alpher, SA News Editor7 Comments
  • Revenues could rise to about $2B by 2017 for product launches like video ads, Instagram monetization, and graph search, says SunTrust. Slapping the current 20x EBITDA multiple on the team's 2015 expectations leads to $59 per share.
  • FB +1.6% to $43.37 premarket.

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