Seeking Alpha

Facebook soars as sell-side hikes across the board

  • Facebook (FB) is now sporting a 17.6% premarket gain to a new all-time high of $62.92, with the entire Street rushing to hike price targets.
  • Left out of the fun is BMO Capital's Dan Salmon, reiterating his Market Perform while lifting the PT to $60 from $50.
  • "FB's ad pricing power also came through in Q4. In all, average price per ad rose by 92% YoY, a 3,900bp sequential acceleration on a 2-year stacked basis," says Susquehanna's Brian Nowak, reiterating his Positive rating and boosting the PT to $72 from $68.
  • "With two meaningful, clearly identifiable catalysts in Instagram and video ads, we reiterate Buy and raise our PT to $80," says Jefferies.
  • "At this point we believe that FB is in control of both revenues and costs, as high advertiser ROI can drive pricing," says Janney's Tony Wible, reiterating his Buy and boosting to $67 from $56.
  • FBR, Cowen, and RBC also join in ...
  • Last night's earnings coverage
Comments (6)
  • ar42
    , contributor
    Comments (27) | Send Message
    Valuations were not relevant to my Nortel stock either. At least during period of exuberant irrationalism.
    30 Jan, 08:32 AM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
    Last quarters everyone was worried pennyless and senseless teens were leaving even after beating guidance.
    Apparently FB has solved the problem according to the exuberance shown in after/pre markets.


    Stocks are making less sense each day and seem more like a hobby for those with passion instead of logic.
    30 Jan, 08:36 AM Reply Like
  • Laibach
    , contributor
    Comments (56) | Send Message
    The teen drain could actually help profitability. Doesn't FB want users with means instead of jobless goofballs?
    30 Jan, 09:03 AM Reply Like
  • ronjohn26
    , contributor
    Comments (86) | Send Message
    we can expect some negative reorts soon about FB from people shorted the stock :)
    30 Jan, 09:59 AM Reply Like
  • Kraken
    , contributor
    Comments (539) | Send Message
    To put things in perspective, FB's market cap is near that of Coke and has surpassed Visa.
    30 Jan, 11:59 AM Reply Like
  • Hoang6
    , contributor
    Comments (158) | Send Message
    And that, to me, is ridiculous!
    30 Jan, 12:39 PM Reply Like
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