Wednesday, December 19, 2012

Facebook target raised to $33 from 28 at Cantor Fitzgerald

Facebook target raised to $33 at Cantor Fitzgerald -- FB
continues to win on mobile (Stock Price: 27.71)
Dec 19 at 06:39
Profile hits: QU2

  Cantor Fitzgerald raises their FB tgt to $33 from $28 on: 1) rollover
of their DCF-derived PT to FY13 from FY12, 2) more confirmation of Facebook's
traction on mobile with user-engagement showing material acceleration in
November, and 3) growing mobile monetization. In all, they view Facebook as a
prime beneficiary of growth in mobile advertising/e-commerce and view its shares
as an attractive play on this trend.

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