A third of Facebook’s ad revenue growth now comes from Instagram — and it couldn’t come at a better time (FB)
|07/11/2018||Posted by BusinessMediaguide.Com under General World News||
- Morgan Stanley analysts think Wall Street is still underestimating how much Facebook can grow.
- In a research note, analysts at the investment bank set the stock a new price target of $215.
- It’s an abrupt turnaround from just a few months ago, when Facebook’s share price was getting pummeled in the aftermath of the Cambridge Analytica scandal. And it may be largely due to Instagram.
The photo-sharing app is turning into an increasingly important money-maker for Facebook.
According to the estimates of read more >>>