Pompano Beach, FL -- (SBWIRE) -- 01/02/2013 -- No Limit Stocks - NOLIMITSTOCKS.com covers all the latest on up and coming stocks in the market. No limit Stocks team contain experts that study and analyzes the stock market and help individuals break through the limits and make them better & more successful investors.
Facebook Inc (NASDAQ:FB) shares are getting a lift Wednesday morning from JPMorgan Chase & Co. (NYSE:JPM) analyst Doug Anmuth, who commented in a research note that he “incrementally positive” on the social network’s shares moving into 2013.
Is FB a Solid Investment at These Levels? Read This Report For Details
Particularly, Anmiuth notes that it is very early in the course of Facebook’s mobile advertising and that dealer feedback on mobile and news feeds ads has been optimistic.
Anmuth further stated that he is “encouraged” that Facebook’s capability to leverage third-party information can drive developments in desktop ad performance.
Anmuth keeps his Overweight rating on the shares, whereas increasing his price estimate to $35, as compared to $29. His fourth quarter EPS prediction jumps to 19 cents per share, from 15 cents, which increases his 2012 forecast to 56 cents, from 52 cents.
For 2013, he currently expects 69 cents, higher from 59 cents. For 2014, his prediction goes to 86 cents, as compared to 73 cents.
At the current trading session, Facebook Inc (NASDAQ:FB) shares are up +4.13% to $27.72 while the stocks are trading within the range of $27.42 – $27.86. In the past year, the stock has traded within a range of $17.55 – $45.00. Average daily trading volume is 67.49 million shares.
For How Long FB’s Gloss will Attract Investors? Find out via this report
If we look at a few other stocks within industry, InterXion Holding, AOL, Inc. and SouFun Holdings Limited were in the gainers list. Let’s have a quick look on their Market performance.
InterXion Holding NV (NYSE:INXN) shares are up +1.94% to $24.22 while the stock is trading within the range of $24.00 – $24.97 in the current trading session. In the last 12 months the shares have traded between $13.42 and $24.97. The average daily trading volume is 306,171 shares.
Will INXN Continue To Move Higher? Find Out Here
AOL, Inc. (NYSE:AOL) shares in the current session moved up +2.03% reaching $30.21. The stocks are trading in a range of $29.98 – $30.46. In the last year the stock has moved within a range of $14.84 – $43.93. The Company’s average daily trading volume is 1.71 million shares.
Why Should Investors Buy AOL After The Recent Gain? Just Go Here and Find Out
Another rival company, SouFun Holdings Limited (ADR) (NYSE:SFUN), is trading up +4.68% to $26.17. Intraday trading recorded the stock price in a range of $25.08 to $26.99. In the previous 52 weeks the stock’s price ranged between $11.61 and $26.99. Their average daily trading volume is 291,016 shares.
What was the Moving Force behind SFUN On Bullish Run? Read This Research Report
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