UPDATE: SunTrust Raises PT on Facebook Ahead of Futures Products and Ads
September 06, 2013 at 14:16 PM EDT
In a reports published Friday, SunTrust analyst Robert S. Peck, CFA raised the 2014 price target for Facebook (NASDAQ: FB ) from $40 to $55. Peck also raised his 2014 revenue estimate from $9.6B to $10.0B, and 2015 revenue estimates from $12.4B to $13.1B. Analysts raised their revenue estimates
