Facebook Inc. (NASDAQ:FB) is building an at-work version of the social network, reports TechCrunch. Citing an anonymous source inside the company, it plans to “touch code throughout the stack and on all platforms.” A company spokesman said the company does not comment on rumor or speculation to the project the source calls.
Analysts have a consensus price target of $74.61 on Facebook Inc. (NASDAQ:FB) which indicates a 10% upside. The consensus rating of the stock is a BUY with a score of 2.82. There are currently 7 Hold Ratings and 32 Buy ratings on the stock.
A recent analyst action consisted of Barclays initiating coverage with an overweight rating and $78 price target.
Facebook closed the previous trading session at $67.44 and has a 50-day moving average of $62.86 and a 200-day moving average of 61.06. The company has a market cap of $173 billion and has a current quarter EPS consensus estimate of $1.43.
Barclays started Netflix Inc., (NASDAQ:NFLX) with an Underweight rating, saying it believes shares are already pricing in the company’s strong growth and ability for upside surprises. The firm set a $420 price target for the stock.
Analysts have a consensus price target of $397.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 10.58% upside. The consensus rating of the stock is a HOLD with a score of 2.30. There are currently 17 Hold Ratings, 5 sell ratings and 18 Buy ratings on the stock.
The most recent analyst action consisted of Barclays initiating coverage with a $420 price target.
EatStreet and Yelp Inc(NYSE:YELP) announced they have teamed up to bring online ordering to thousands more of Yelp’s restaurants and their customers. Restaurants benefiting from the new capabilities are in major metropolitan centers such as New York and Chicago, as well as EatStreet’s key markets, including cities such as Madison and Iowa City. Note that GrubHub (GRUB) operates an online and mobile platform for restaurant pick-up and delivery orders.
Analysts have a consensus price target of $88.41 on Yelp Inc(NYSE:YELP) which indicates a 13% upside. The consensus rating of the stock is a BUY with a score of 2.82. There are currently 5 Hold Ratings and 23 Buy ratings on the stock.
The most recent analyst action consisted of Telsey Advisory Group reiterating their $105 price target.
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