Instagram is a valuable asset to Facebook and thanks to the social media giants owning the photo / video sharing app FB’sshares were up by a staggering 3.53 percent and closing at $76.71in Thursday’s trading.
According to Director and Senior Equity Research Analyst: Internet and New Media at Cowen and Company John Blackledge, who basically holds a price target of $91 with an outperform rating on the stock said that Instagram is a “rising social star,” and is a valuable asset to Facebook. Instagram is actually growing at a fast rate when it comes to people joining on a daily basis.
Blackledge also said that 72% of Instagram users are between 18-44 with 65% of users being women, but this doesn’t seem to add up to a report we shared yesterday.
According to an infographic 64% are men and 36% are women, so now we have to sit and dig who is right or who is wrong.
Instagram according to Blackledge estimates Instagram to be worth $33 billion, out onto account Facebook being worth around $140 billion and Messenger at $10.5 billion, you know Mark Zuckerberg has a good business plan. Facebook trades at $142 EV per MAU, with Google Inc at $238 and Twitter $104.