NEW YORK (TheStreet) -- Facebook Inc.'s (FB) earnings and revenue estimates have been raised by analysts at UBS (UBS) who are now expecting a 23% growth in revenue for 2015 to 2018, up from 17%, and a 24% increase in EBITDA for the same period, up from 19%.
The firm said it increased its numbers based on the company's long term incremental growth drivers which will increase top-line projection.
UBS maintained its "buy" rating and $90 price target on Facebook stock.
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Shares of Facebook are up 0.11% to $65.36 in pre-market trading on Tuesday.
Separately, TheStreet Ratings team rates FACEBOOK INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate FACEBOOK INC (FB) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation."