Topeka Capital Assigns Buy On Facebook Following Examination Of Oculus Rift Developer Headset
In a research report published today for investors, Topeka Capital analyst Victor Anthony assigned a Buy rating on Facebook (NASDAQ:FB) with a $100 price target.
Anthony commented, “We have been testing the Oculus Rift developer headset and are now convinced in the longerterm potential that Facebook laid out in March, that is, virtually reality is likely to be the next major computing and social platform, and there is financial and strategic upside to Facebook beyond gaming, notably communications and entertainment. We had been skeptics but after visualizing the potential opportunities, we are on-board. Let us know if you would like to experience the Oculus virtual reality headset.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Victor Anthony has a total average return of 22.7% and a 75.8% success rate. Anthony has a 63.6% average return when recommending FB, and is ranked #18 out of 3313 analysts.