Facebook (FB) Stock Price Target Raised at MKM Partners

NEW YORK (TheStreet) -- Facebook's price target was raised to $120 from $105 at MKM Partners, which reiterated its "buy" rating. User growth continues to impress given Facebook's massive reach, adding 49 million MAUs with user growth above 13%, the firm noted. The proportion of DAUs to MAUs continues to climb year over year to 65% as mobile has made Facebook central in people's daily lives, the firm added. "We expect a measured ramp where demand outstrips supply for the foreseeable future," MKM ...