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Mon Nov 26, 2012, 08:17 PM

Facebook stock climbs after upgrade

Source: AP-Excite

NEW YORK (AP) - Facebook's stock is climbing after an upgrade from an analyst who believes Wall Street is underestimating the company's potential to grow revenue.

Bernstein Research analyst Carlos Kirjner said Monday that Facebook Inc. (FB) is likely to beat Wall Street's revenue expectations over the next 12 to 24 months. He expects Facebook to hit $6.98 billion in revenue in 2013, some 9 percent higher than the average analyst's expectation. In 2011, the social network reported revenue of $3.71 billion.

Kirjner upgraded Facebook's stock to "Outperform" from "Market Perform," saying that mobile advertising will drive revenue growth. He wrote in a note to investors that Facebook will likely be able to increase the number of advertisements its users view each day, with little chance they will see the additional ads as a "material deterioration" of their Facebook experience.

FULL story at link.


Read more: http://apnews.excite.com/article/20121126/DA2PTCQ01.html





In this Friday, May 18, 2012, file photo, the animated facade of the Nasdaq MarketSite, welcomes the Facebook IPO, in New York's Times Square. On Monday, Nov. 26, 2012, Facebook's stock climbed after an upgrade from an analyst who believes Wall Street is underestimating the company's potential to grow revenue. (AP Photo/Richard Drew, File)

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Reply Facebook stock climbs after upgrade (Original post)
Omaha Steve Nov 2012 OP
Crowman1979 Nov 2012 #1
Javaman Nov 2012 #2

Response to Omaha Steve (Original post)

Mon Nov 26, 2012, 09:51 PM

1. I wonder how much money Facebook paid-off that analyst?

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Response to Crowman1979 (Reply #1)

Tue Nov 27, 2012, 08:40 AM

2. +1

a website based on ego, is a website bereft of tangibility.

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