Shares of Facebook Inc. (NASDAQ:FB) are climbing after Credit Suisse upgraded the stock in a note to investors last night. Credit Suisse analyst Stephen Ju now expects Facebook to obtain more revenue, on average, from each of its users than the firm had previously anticipated. New products that Facebook is developing should enable the company to obtain more revenue over the medium to long term without boosting its ad loads, the analyst contends.
Sterne Agee expects the social networking company will beat consensus estimates for $2.13 billion in ad revenue when the company reports Q1 results this week, helped by market share growth and a change in algorithms, Barron’s said.
Analysts have a consensus price target of $71.68 on Facebook Inc. (NASDAQ:FB) which indicates a 26% upside. The consensus rating of the stock is a BUY with a score of 2.76. There are currently 9 Hold Ratings and 29 Buy ratings on the stock.
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Shares of Netflix Inc., (NASDAQ:NFLX) are advancing after the company reported higher than expected profit and announced that it would increase the price it charges its new streaming customers.
Analysts have a consensus price target of $369.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 5.98% upside. The consensus rating of the stock is a HOLD with a score of 2.26. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock.
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