Social media multinational Facebook Inc. (FB) held its somewhat-annual F8 developer conference in early June, launching new products and tools for developers to connect consumers with brands. Focal points involved improvements for Instagram, WhatsApp, and augmented reality (AR) platforms. (See FB stock analysis on TipRanks)  Highlighting these changes in his analysis on the stock, Brent Thill of Jefferies Group assigned a Buy rating and provided a price target of $385, reflecting a potential upside of 14.39% from Monday’s closing price. Thill wrote that through its new tools, he expects Facebook to derive substantial value from millions of advertisers.   First, Thill spotlighted the newly launched Application Programing Interface for Instagram, which will allow businesses to incorporate their own apps in its messaging platform to more easily facilitate engagements with consumers.
https://www.tipranks.com/news/article/facebook-improving-ecommerce-tools
Facebook (NASDAQ:FB)
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