Analysts: Facebook Has Upside from Instagram and 3 Other Research Notes to Read Through

Facebook (NASDAQ:FB): Canaccord has initiated Facebook with a Buy rating, saying that Facebook is in the early stages of monetizing its user base. The firm noted that Facebook’s global penetration is only about 20 percent and that it sees upside from Instagram magnetization and the upcoming launch of the video ad product. The firm’s price target for Facebook shares is $60.

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