3 Buzzing Social Media Stocks: Facebook Expectations Soar, Zynga’s New Game, Yelp’s Strong Performance

Facebook Inc. (NASDAQ:FB): SunTrust had some bullish estimates on Facebook and slapped it with a Street-high $55 price target as the firm believes that revenues could swell to roughly $2 billion by 2017 driven by product launches like video ads, Instagram monetization, and graph search. Further, the current 20x EBITDA multiple on the firm’s 2015 expectations implies a value of $59 per share.