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Facebook to soar 26% on e-commerce, advertising strength, says BofA

Facebook to soar 26% on e-commerce, advertising strength, says BofA wdaniel@businessinsider.com (Will Daniel) © SOPA Images/Getty Images Facebook set to soar throughout 2021, says BofA. SOPA Images/Getty Images Bank of America maintained its price target for Facebook at $345 on Monday, implying a potential 26% climb for the social media giant. Analyst Justin Post expects the company s e-commerce strength to drive strong year-over-year quarterly revenue growth. New features like Facebook Shops and Instagram Checkout are expected to bolster results going forward. Popular Searches BofA maintained its buy rating and its $345 price target for Facebook on Monday despite concerns about antitrust lawsuits and increased regulation from a new presidential administration.

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