Facebook Stock Will Rise Because of Instagram’s Stellar Growth, Analyst Says
Facebook shares rose 57% last year, but Morgan Stanley sees significant gains still to come. The firm expects Instagram’s revenue to grow 150% year over year.
21 Jan 2020 ... Facebook shares rose 57% last year, but Morgan Stanley sees significant gains still to come. The firm ... 21, 2020 12:50 pm ET ... He raised his price target on the stock from $250 to $270, 22% above Facebook's recent price.