Facebook +1% AH on Credit Suisse upgrade

Credit Suisse has upgraded Facebook (FB) to Outperform, and set an $87 PT, ahead of Wednesday's Q1 report.

Shares rose 3.9% in regular trading, aided by a moderate tech stock rally and a report Facebook will finally be launching a targeted ad network for 3rd-party mobile apps at the end of the month.

After taking Credit Suisse's move into account, 37 of the 44 sell-side analysts covering Facebook now have bullish ratings, per Thomson/First Call. The other 7 are neutral.

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Comments (7)
  • eftvox
    , contributor
    Comments (232) | Send Message
    21 Apr 2014, 05:14 PM Reply Like
  • rsbduff@gmail.com
    , contributor
    Comments (438) | Send Message
    Be careful:


    Just maybe the big players are getting ready to play the "buy, buy, buy, short, short, short, sell, sell, sell, Cover short"... GAME again....with Facebook. I think you can buy Facebook and ride their wave for $10, then I recommend that you sell ahead of the big hedge funds. Don't let them play you like a piano.....again.


    Sorry for being so cynical.


    21 Apr 2014, 07:01 PM Reply Like
  • gwynfryn
    , contributor
    Comments (6479) | Send Message
    No need to apologise! Bubbles need someone to pump them up, and there's way too much of this stuff going on. Remember: Cui bono? Why do Credit Suisse and co. give out such "free" analyses? Out of the goodness of their hearts?
    23 Apr 2014, 09:12 AM Reply Like
  • gap123
    , contributor
    Comments (295) | Send Message
    Agreed! I'm in it heavy, but will begin selling at 70 unless momentum says otherwise. Trade isn't over yet... Still time
    21 Apr 2014, 07:05 PM Reply Like
  • B Trading Warehose
    , contributor
    Comments (2) | Send Message
    ...don't even think of selling @70...around Fall...FB is close to 100...enjoy the ride...
    22 Apr 2014, 12:07 AM Reply Like
  • Glenway Fripp
    , contributor
    Comments (1608) | Send Message
    Like I said somewhere, "You can't win against the machines at trading!" They will screw you with Tangents you never saw coming. I think that computer trading algorithms have made short term trades very hard and will force independent investors to hold shares for increasingly longer intervals! Soon all the noise will be computers battling it out between themselves for pennies while human investors will win in the longer holds based on insight not formula . Thanks God!
    21 Apr 2014, 09:55 PM Reply Like
  • eftvox
    , contributor
    Comments (232) | Send Message
    Glenway...machines taking over but not so sure longer holds are a bad thing if you're an investor. If you're a trader, maybe not so much. Long FB
    22 Apr 2014, 10:57 AM Reply Like
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