Telsey’s Forte Calls Facebook’s Oculus Buy ‘A Surprise’ (Audio)

Thomas Forte, senior research analyst at Telsey Advisory Group, says while it was a surprise Facebook decided to buy device-maker Oculus Rift, it’s “terrific” Facebook is investing for the future and making an effort to have “staying power.” Forte says Oculus will do well under Facebook leadership. Forte has an $82 price target on Facebook. Forte joins Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.

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