Analysts Line Up to Offer Bullish Commentary on Facebook After Big Q2 Report

facebook600X300Social media giant Facebook Inc (NASDAQ:FB) was the subject of several bullish analyst moves on Thursday, a day after it posted blockbuster second quarter earnings.

Based on FB’s latest report, we saw the following Wall Street firms take action:

  • Morgan Stanley raised its price target on FB from $140 to $150. The new target suggests a 22% upside to the stock’s Wednesday closing price of $123.34 per share.
  • Wedbush also boosted its price target, from $145 to $162 (32% upside call).
  • Axiom Capital reiterated its Buy rating and $160 target (22% upside).
  • Piper Jaffray lifted its target to $185 (50% upside).
  • Mizuho Securities raised its target from $140 to $150 (22% upside).

With no shortage of positive commentary piling onto Facebook, don’t expect to see the stock pull back any time soon — even if the company’s massive revenue growth could be called into question.

Facebook shares rose $5.75 (+4.66%) in premarket trading Thursday to $129.09.

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