Two Internet Giants Analysts Recommend: Facebook Inc (FB), Alphabet Inc (GOOGL)

Analysts are positive on social media giant Facebook Inc (NASDAQ:FB) and Google’s parent company Alphabet Inc (NASDAQ:GOOGL), as Facebook’s Oculus Rift began delivering Oculus Rift virtual reality headsets today, and Google’s much-awaited conference, GCP Next, ended on 24th March in San Francisco. Facebook Inc In a research report issued today, Piper Jaffray’s top analyst Gene Munster reiterated an Overweight rating on shares of Facebook, with a price target of $170, following the news that Facebook’s virtual reality division Oculus has begun to ship the Oculus Rift virtual reality headsets in more than 20 countries. Munster commented, “We continue to see 2016 as a warm up year for VR and believe that the most important thing for 2016 is the development of compelling VR content. While immaterial to our model, we expect about ~500k Oculus Rift units in 2016, which…


Link to Full Article: Two Internet Giants Analysts Recommend: Facebook Inc (FB), Alphabet Inc (GOOGL)