Wedbush Analyst Michael Pachter sits at the absolute high-end of the value estimate range from what (I’ve seen). He raised his price target on Facebook from $162 to $175. His stance seems reasonable, as his value estimate heavily discounts the growth premium of shares, as the stock continues to move through a revenue/earnings deceleration phase over the next five-years.Though, I think expectations on revenue/earnings is a little more subdued given management commentary following the earnings report. There’s enough historical evidence to suggest that Facebook can deliver at the high-end of its expense outlook, and deliver revenue growth that exceeds the expectations of analysts.Here was the most pertinent commentary from Michael Pachter: Updating estimates. We are increasing our FY:17 estimate for revenue to $40,750 million from $37,694 million, and for EPS to $6.25 from $5.70, reflecting 49% year-over-year growth in advertising revenue, and 47% expense growth. Maintaining our OUTPERFORM rating and raising our price target to $175 from $162. Our price target values the company at a forward P/E multiple of 28x (unchanged), reflecting a P/E/G ratio that is 0.55x our 51% net income growth estimate for 2017 (0.73x and 39% prior, respectively), an EV/sales multiple of 12x (unchanged), and an EV/EBITDA multiple of approximately 18x (unchanged).