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Facebook Inc (FB) Earnings Preview: Price Target Upped

Facebook Inc (NASDAQ:FB) is scheduled to release its next earnings report tomorrow after closing bell, and analysts remain confident going into the print. But has the bar been set too high? As with all stocks that are as popular as Facebook, this is a concern with tomorrow's earnings report.

What to expect in Facebook's earnings report

On average, analysts are expecting adjusted earnings of 47 cents per share on revenue of $3.99 billion for the second quarter. Cantor Fitzgerald analyst Youssef Squali and his team maintained their Buy rating and $100 per share price target going into tomorrow's report, but they're actually expecting Facebook to miss estimates for adjusted earnings but beat on revenue. They're looking for earnings of 43 cents per share and revenue of $4 billion.

They expect to be impressed again with the social network's ad revenue growth, projecting a 41.1% growth rate, which would bring it to $3.8 billion. It would also mean that Facebook is growing its ad revenue at a...