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What to Expect From Facebook Inc (FB) and Yahoo! Inc. (YHOO) This Earnings Season: Needham

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Needham’s top-ranked analyst Laura Martin weighed in with her forecast on the social media giant Facebook Inc (NASDAQ:FB) and internet search giant Yahoo! Inc. (NASDAQ:YHOO), ahead of the upcoming third-quarter earnings.

Facebook Inc

Martin reiterated a Buy rating on shares of Facebook, with a price target of $115, as the company is scheduled to report its third-quarter earnings after the bell on Wednesday, November 4, 2015.

Martin wrote, “We maintain our 3Q15 estimates for FB at Revenue of $4.4B (up 37% y/y), Non-GAAP Operating Income of $2.5B (up 37% y/y), and Non-GAAP EPS of $0.49 (up 12% y/ y). We are buyers of FB based on our belief that digital markets are “winner take all markets” and that FB is particularly well positioned owing to its always-registered environment with real names, its closed platform, global scale, ubiquitous distribution, and optionality...


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