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Fly News Breaks for July 28, 2016
FB
Jul 28, 2016 | 07:58 EDT
Oppenheimer analyst Jason Helfstein raised his price target for Facebook to $150 from $140 following the company's Q2 results well above expectations. The analyst notes headroom for short-term monetization as video and Instagram remains under-monetized. Longer term, he sees opportunities to monetize commercial search, Messenger/WhatsApp and Live Video. Moreover, Helfstein expects the near-term ad momentum to continue. Oppenheimer has an Outperform rating on the shares.
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