Price Targets Raised On FANG Stocks As They Hit Record Highs

Three of four FANG stocks had their price targets raised Friday, following a survey of 70 ad buyers in which 40% said they'll boost ad spending above previous expectations for the rest of 2018.

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Moreover, 27% of ad buyers said they spent more in the first half than anticipated.

The three FANG stocks receiving price-target increases were Facebook (FB), Amazon.com (AMZN), and Google-owner Alphabet (GOOGL). All three are well positioned for the boost in digital advertising, said Cowen analyst

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