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Stock Market & Financial Investment News

News For BA;FB;WFC;AA From The Last 14 Days
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June 22, 2015
06:03 EDTFBFacebook price target raised to $120 from $92 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for shares of Facebook to $120 and keeps an Overweight rating on the name. Facebook is the best play on the "next computer paradigm of virtual reality," Munster tells investors this morning in a research note. Oculus, the company's virtual reality technology, is an "insurance policy on the relevance of Facebook's social portfolio as technology shifts, Munster writes. He believes the long-term value of technology is not reflected in the current share price. The social networking giant closed Friday down 39c to $82.51.
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