Facebook Gets a $10-15 Price Target from Global Equities Research

Where does Facebook Inc (NASDAQ:FB) go from here? The stock of the world’s largest social network, issued to investors at $38 apiece, had a tumultuous opening on the Nasdaq and then slid to a low of $25.52, as questions arose about its valuation, declining revenues and a perceived inability to monetize its mobile user base. The issue was seen as a major flop, and even accused of having prejudiced the IPO market for the near term. The company declares its maiden quarterly result, after listing, on July 26. Meanwhile the 40-day post-issue quiet period has ended and the bruising fall in the…