Facebook tops $39 as Piper hikes PT to $46

|About: Facebook (FB)|By:, SA News Editor

Gene Munster (of Apple fame) is raising hit PT to $46 from $38. He's upbeat about the potential of new Facebook (FB +3.2%) ad products, including video ads, graph search ads, and (in 2015 or later) Instagram ads.

Shares +48% since the Q2 beat.

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