Facebook (FB +2.2%) and Yahoo (YHOO +1.1%) tick higher after Needham's Laura Martin raises her...
Monday, December 24, 2012, 12:11 PM ETFacebook (FB +2.2%) and Yahoo (YHOO +1.1%) tick higher after Needham's Laura Martin raises her PTs to $33 and $26, respectively. "If time is money, then FB represents the most valuable property on the Internet today," writes Martin, who (like others) is encouraged by improving mobile monetization and sees new revenue streams providing a lift. She thinks Yahoo's Asian assets are worth $15/share, making its core business undervalued. It wasn't long ago many analysts were quite worried about mobile's impact on Facebook; shares are up ~40% since then.
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