Facebook (FB) PT Raised to $325 at Rosenblatt

Rosenblatt analyst Mark Zgutowicz raised the price target on Facebook (NASDAQ: FB) to $325.00 (from $315.00) while maintaining a Buy rating.

The analyst commented, "2Q results were solid top to bottom as DR advertisers and Facebook know no bounds. While stimulus spend fatigue may soon set in, Facebook is well-aligned to the now everything ecomm world and looks to be walking into a can't miss holiday compare that perhaps only Apple IDFA could disrupt. We reiterate our Buy rating and raise our DCF-based price target from $315 to $325, which implies ~32.5x CY21E EPS."

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