Form 8-K Facebook Inc For: Nov 04
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Facebook (FB) Fires on All Cylinders as Mobile Ad Growth Outpaces; FBR Boosts PT to $125
November 5, 2015 6:10 AM ESTFBR & Co. is moving its price target on Outperform-rated Facebook (Nasdaq: FB) from $118 up to $125 following Q3 results issued Wednesday night.
Analyst William Bird commented, Facebook's CC ad growth accelerated to 57 percent, versus 55 percent in 2Q, and results bested Street estimates across metrics. The tone of comments on how the business is progressing was constructive, and the 2015 expense... More
