The Ratings Game: Analysts: That speeding train is Facebook so get out of the way

Better to be on board, than in the path of a speeding train. That was the overall view of analysts who say momentum for Facebook Inc. looked hard to stop in the wake of forecast-beating results.

“Facebook has a virtually insurmountable competitive advantage with over 1.7 billion monthly active users and over 1.1 billion daily active users, and has succeeded in convincing 3 million advertisers that its captive audience will yield returns on advertising investment,” wrote Wedbush analysts.

Wedbush’s Michael Pachter and the team lifted their 12-month price target on Facebook FB, +1.75% $162 from $145 per share, reiterating an outperform rating.

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