Markets

Facebook to soar 26% on e-commerce, advertising strength, says BofA

Bank of America maintained its price target for Facebook at $US345 on Monday, implying a potential 26% climb for the social media giant. Analyst Justin Post expects the company’s e-commerce strength to drive strong year-over-year quarterly revenue growth. New features like Facebook Shops and Instagram Checkout are expected to bolster […]
Facebook to soar 26% on e-commerce, advertising strength, says BofA
Markets

Social media stocks Pinterest, Twitter, and Facebook surge after Snap crushes earnings expectations

Social media stocks surged on Wednesday after Snap reported third quarter earnings that crushed analyst expectations. Pinterest, Twitter, and Facebook all moved higher as the readthrough from Snap’s earnings report was that advertisers are increasingly switching to digital platforms with strong user engagement. Pinterest’s double-digit surge on Wednesday could also […]
Social media stocks Pinterest, Twitter, and Facebook surge after Snap crushes earnings expectations