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Fly News Breaks for April 25, 2019
FB
Apr 25, 2019 | 09:47 EDT
RBC Capital analyst Mark Mahaney raised his price target on Facebook to $250 and kept his Outperform rating after its Q1 revenue and operating income topped expectations on the strength of its Instagram performance and the pricing power of its advertising platform. The analyst notes that the quarter has made him "more positive" at the margin with the company's worst fears "not realized" and adding that the stock may be in a period of a "sustained re-rating."
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