Facebook (FB) reported another strong quarter with EPS reaching 97 cents against estimates of 81 cents. Revenue surprised to the upside by over $400mm, driving operating leverage as margins expanded by more almost 500 basis points. User metrics were a little better than expected with daily and monthly active users still growing. Given that 1.7 […]
In our initial blog post on Facebook (FB), we noted that the shares could reach $140 based on $4.00 in EPS power in 2017. After another blowout quarter in 1Q16, 2017 estimates now average over $4.50. Our confidence in the $140 price target has risen and that level may prove conservative. FB reported revenue growth […]
Facebook (FB) is a new buy for Northlake clients. The social networking giant operates its original namesake product, as well as other widely used and fast-growing services including Instagram, Messenger, and WhatsApp. The company’s most recent quarterly results demonstrate strong user engagement and strong ad sales trends. This momentum is largely due to FB’s successful […]
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