Facebook Upgraded Ahead of Q4 Results and 4 Social Media Stocks Seeing Action
Facebook (NASDAQ:FB): Current price $32.22
In a switch, Facebook’s mobile unit is more and more regarded as possessing the potential to deliver impressive strength for the company. This was evident when the analyst Aaron Kessler at Raymond James elevated his rating on Monday for shares to Outperform from Market Perform, citing “expectation for increasing monetization driven by mobile, new ad formats, and international.” Facebook is set to post fourth-quarter financial results after the close on Wednesday. Meanwhile, analyst Arvind Bhatia at Sterne Agee reaffirmed a Buy.