Facebook Stock Gets A Price-Target Increase As Growth Drivers Kick In

A Wall Street analyst Monday raised the price target on Facebook on a view that various growth drivers such as Instagram will enable the social media giant to drive long-term revenue growth without a material lift in ad loads.

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Credit Suisse analyst Stephen Ju raised his target on Facebook (FB) to 265 from 240, with a rating of outperform.

Ju said a check with advertisers indicated a "modest deceleration" in ad budget growth overall. But that was offset by ad-budget growth for Instagram,...

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