Credit Suisse Stephen Ju, Neutral, Price Target: $31: "While more specific opinions on Home will have to wait until the 12 April release date, our initial impression is that this new product release serves two purposes. In the near/medium term, we believe Home can help Facebook to boost mobile engagement given the rich user interface and at the same time help it to fend off competition from emerging mobile messenger services such as Kakao talk and LINE."
Shares of Facebook were lower in early Friday trading, off 1.01% to $26.80. -- Written by Chris Ciaccia in San Francisco >Contact by Email. Follow @Commodity_Bull