Facebook’s monster quarter
As mobile ad revenue soars, so does the social network.
Speaking of those analysts, no fewer than eight investment firms raised their target price on Facebook’s stock. Mobile advertising, which basically didn’t exist a year ago, now makes up 41% of Facebook’s ad revenue.
However, Motley Fool analyst David Hanson says investors looking for the “next big thing” from Facebook shouldn’t consider it to be mobile ads. Hanson believes the long-term bullish argument for Facebook investors remains what the company is capable of given its talent and cash in the bank.
While the stock has a lofty valuation, no one should be betting against CEO Mark Zuckerberg and his team. In addition to Facebook’s main platform, the company recently acquired Instagram, a photo-sharing service.
As Facebook moves forward, it will be increasingly important for Zuckerberg and team to develop new ways to increase revenue while not sacrificing the use experience. Despite not yet returning to levels reached shortly after its IPO, shares of Facebook are inching closer to the milestone of a $100 billion market capitalization.
MSN Money on Twitter and Facebook
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
With sales suffering as a string of novelty menu items missed the mark, the fast-food chain's latest offering is a good old-fashioned sandwich with bacon.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.