Facebook Lacking Mobile Monetization Strategy and 2 Must-See Stock Analyses
NetQin Mobile Inc (NYSE:NQ): After speaking with the company’s management and examining its Q2 report, Piper Jaffray sees the company’s revenue growth trajectory into 2013 as much higher than it predicted. The firm keeps an Overweight rating and a $17 target on the stock.
Facebook, Inc. (NASDAQ:FB): BTIG has become much more concerned regarding the outlook for Facebook’s profitability, partially because of the quicker than anticipated rise in the amount of people using the website only on mobile devices, and what the firm views as the company’s lack of a new strategy to monetize mobile traffic. BTIG also mentions a possible need for increased investment by Facebook through the next couple of years as a cause for its growing pessimism. The firm keeps a Neutral rating on the stock.
Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) estimates have been increased by CRT Capital to reflect increased Acthar sales in Nephrotic Syndrome after the 8k filing of preliminary July monthly scrips. The firm maintains its Buy rating and $62 price target on the stock.
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