Facebook: Credit Suisse ups target price slightly.
(CercleFinance.com) - Credit Suisse, which has an "outperform" rating on Facebook, raised this Monday its estimates and target price on the stock to 180 dollars from 175 dollars.
The broker recommends investors buy the social network's shares ahead a potential upgrade in the company's estimates.
Credit Suisse says recent conversations with advertisers suggest incremental ad price acceleration in the second-quarter.
Facebook will publish its second quarter results after market close on Wednesday 26 July.
More generally, Credit Suisse believes investors continue to underestimate the long-term monetization potential of upcoming new products.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker recommends investors buy the social network's shares ahead a potential upgrade in the company's estimates.
Credit Suisse says recent conversations with advertisers suggest incremental ad price acceleration in the second-quarter.
Facebook will publish its second quarter results after market close on Wednesday 26 July.
More generally, Credit Suisse believes investors continue to underestimate the long-term monetization potential of upcoming new products.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.