Analysts: Facebook’s New Tools Offer Positive Outlook and 3 More Research Notes to Look At
Facebook (NASDAQ:FB): Evercore said Facebook’s new array of customizable audience tools and data management provider partnerships is enabling offline marketers to retarget online, creating additional pricing strength and expanding Facebook’s addressable opportunity into offline commerce. Evercore said the average revenue per unit (ARPU) upside potential remains significant, hence the firm reiterates its Overweight rating and raised its price target for the shares from $60 from $45.
SanDisk (NASDAQ:SNDK): Susquehanna expects SanDisk share gains to be driven by meaningful software-related revenue contributions in the second half of 2014. The firm cited the SanDisk’s Enterprise SSD offerings, which will be reliant on the company’s ability to execute its SSD strategy. The shares are Positive rated with a $77 price target.
Valero Energy (NYSE:VLO): Howard Weil upgraded Valero Energy to Outperform from Sector Perform due to improving 2014 crude differentials, declining renewable renewable identification number (RIN) costs and utilization, and a potential shift back to contango, among other reasons; the firm raised its price target for Valero shares to $43 from $37.
Akamai Technologies (NASDAQ:AKAM): Piper Jaffray raised its price target for Akamai shares to $56 from $49 after its customer survey indicated the company is increasingly distancing itself from the competition; Piper keeps an Overweight rating on Akami stock.
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