Facebook Estimates Raised and 4 Stock Analyses Buzzing Today

Facebook, Inc. (NASDAQ:FB): Needham raised Facebook, Inc.’s 2013 estimates from 59c/$6.27 billion to 65c/$6.5 billion based on strong mobile revenue growth, upside from their closed system global platform, and from new revenue streams. Shares are Buy rated.

Walgreen Co. (NYSE:WAG): After Walgreen Co. reduced their fiscal year 2013 earnings per share accretion estimate for their investment in Alliance Boots due to a longer than expected lag period, Cantor still believes that synergies will be very meaningful after the first quarter. The firm remains positive on Walgreen’s fundamentals and maintains a Buy rating on the stock.

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Adobe Systems Inc. (NASDAQ:ADBE): Bernstein believes that Adobe Systems Inc. valuation has traditionally been constrained by worries about Apple (NASDAQ:AAPL) discontinuing support of Flash and concerns that HTML5 will replace Adobe’s tools for cross-platform app development. The firm does not think that either of these concerns are warranted and they expect the company to benefit from growth in the digital marketing market. Bernstein maintains an Outperform rating on Adobe.

Stratasys Inc. (NASDAQ:SSYS): Piper Jaffray said their channel checks indicate demand in Stratasys Inc.’s fourth quarter is tracking in-line to ahead of expectations and that the company’s outlook for 2013 looks good. Piper reiterates an Overweight rating on Stratasys with an $81 price target.

Mindray Medical International Limited (NYSE:MR): After speaking with Mindray Medical, Oppenhimer learned that the company has started to restructure their North America site, which may involve major personnel changes. The firm thinks that United States hospitals may delay their spending decisions due to macro concerns, but they note that GE (NYSE:GE) may acquire small Chinese medical device companies and they maintain an Outperform rating on Mindray.

Don’t Miss: Here’s How Google is Making Advertisers Very Happy.


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