Facebook (NASDAQ:FB) gets a target boost from $270 to $280 at Deutsche Bank, citing improved core app performance that will continue into this year.
Analyst Lloyd Walmsley says the app’s “resurgence” could drive top-line and multiple expansion.
Deutsche maintains a Buy rating on Facebook. The company has a Bullish average Sell Side rating.
Upcoming catalyst: Facebook will report earnings on January 29.
FB shares are down 0.1% pre-market to $221.61.