William L. Moore
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William L. Moore in Insider trading,

Facebook Could Have 22% Upside

Analysts at KeyBanc Capital Markets turned incrementally bullish on Facebook Inc FB after the company reported its third quarter earnings.

KeyBanc's Andy Hargreaves maintains an Overweight rating on Facebook's stock and boosted the price target from $200 to $220.

The key to the analyst's bullish stance lies with Facebook's ad business, in which total impressions rose 10 percent from the same quarter a year ago,  although it marks a decrease of 19 percent from the prior quarter, Hargreaves said in a Wednesday note. But the sequential decline was offset by a 35-percent increase in average ad pricing from a year ago and 24 percent from the prior quarter.  Source

Stochastics are overbought, so the upside is over. The price will go down to the lower edge of the rising channel.