Facebook Will Be Worth $234 Billion By 2015, Predicts Analyst

In 2015, Facebook will earn $11 billion on $22 billion and have a market value of $234 billion.

That makes the company’s recent second market valuation of $85 billion look like a fine deal indeed.

Those unusually detailed guesses come from Wedbush Securities analyst Lou Kerner, who issued them in a report last week on the “Second Internet,” which was picked up and republished today by GigaOM.

Kerner apologizes for being too conservative in his predictions from February 2010, when he said that Facebook might be worth $100 billion by 2015.

He now thinks Facebook’s margins are better — around 50% — and that it will get a bigger share of the global ad market. He also believes that other revenue sources — like Credits — will scale faster than he originally anticipated.

By way of comparison, today only one tech company — Apple — has a higher market cap, at $321 billion. Number two Microsoft is now worth $213 billion.

Here’s the chart.

Facebook valuation prediction

The entire report is embedded below:

The Second Internet

View more documents from Lou Kerner.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.