FB: Facebook soars as sell-side hikes across the board

Facebook soars as sell-side hikes across the board • 8:12 AM

• 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

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FB price at time of publication: $53.53. Check FB price now »

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Focus Articles on FB

• Mobile Advertising Is Facebook's Real Gold Mine by Almario Alexej Alcaraz
• Facebook Earnings A Reason To Sell? by Bill Maurer
• Facebook - Mobile, ARPU And Engagement Continue To Drive Momentum by The Value Investor

Press Releases on FB

• Facebook Reports Fourth Quarter and Full Year 2013 Results (PR Newswire)
• Facebook to Announce Fourth Quarter and Full Year 2013 Results (PR Newswire)
• Facebook Announces Pricing of Follow-On Offering (PR Newswire)

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StockTalk on FB: FB StockTalk | Twitter FB | Twitter $FB | FB Instablogs

Recent Market Alerts on FB: All news | Earnings | Dividends | M&A | On the move

Transcripts on FB

• Facebook's CEO Discusses Q4 2013 Results - Earnings Call Transcript by SA Transcripts
• Facebook Management Presents at Credit Suisse 2013 Technology Conference (Transcript) by SA Transcripts
• Facebook's CEO Discusses Q3 2013 Results - Earnings Call Transcript by SA Transcripts

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