Cantor analyst Youssef Squali is out today with his expectations on Facebook Inc. (NASDAQ:FB), as the company is heading into fourth-quarter earnings results, expected on Wednesday, January 28. The analyst rates the stock a Buy with an $80 price target. 

Squali noted, “We expect FB to report strong results with Y/ Y revenue growth of nearly 50% and EBITDA margin of ~67%. FB continues to be a top pick for us, given its position as the largest/most engaging mass-reach Internet platform for advertisers, unmatched targeting potential, and very potent monetization formats. Video ads, in particular, should start moving the needle more meaningfully in 2015, in our opinion.”

The analyst continued, “Our 4Q:14 revenue and EBITDA estimates are $3,851.8M (+49.0% Y/Y) and $2,586.2M (67.1% margin), above consensus estimates (FactSet) of $3,779.8M/$2,443.9M, respectively. The estimate ranges are relatively wide, with revenue spanning $3,620.0-3,875.5M and EBITDA between $2,116.0-2,776.0M.”

Furthermore, “We’re modeling for ad revenue growth of 53.1% Y/Y to $3,587.7M in 4Q:14, 4-5x faster than the overall ad market, but decelerating from +64.5% posted in 3Q:14.”