Facebook: Capstone Ups Target to $35 on New Products; No Sign of User ‘Fatigue’
Capstone Investments’s Rory Maher today reiterates a Buy rating on shares of Facebook (FB) and raises his price target to $35 from $26 after raising estimates for 2013 through 2016 on the “expectations for new revenue lines like FBX to grow into meaningful businesses.” The Facebook Exchange, introduced earlier this year to compete with other [...]
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