Price Target Update on Facebook (NASDAQ:FB)

Facebook (NASDAQ:FB) : The highest level Facebook (NASDAQ:FB) is projected to reach is $170 for the short term and the lowest estimate is at $126. The consolidated price target from 30 rating analysts who initiate coverage on the stock is $147.07 and the possibility the share price can swing is $11.01.

Other Equity analysts have also commented on the company shares. Axiom maintains its view on Facebook (NASDAQ:FB) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Axiom raises the price target from $150 per share to $155 per share on Facebook . The rating by the firm was issued on April 28, 2016.

Facebook (NASDAQ:FB): stock turned positive on Thursday. Though the stock opened at $114.37, the bulls momentum made the stock top out at $115.09 level for the day. The stock recorded a low of $113.54 and closed the trading day at $115.08, in the green by 1.03%. The total traded volume for the day was 16,176,895. The stock had closed at $113.91 in the previous days trading.

The company shares have rallied 29.47% from its 1 Year high price. On May 11, 2016, the shares registered one year high at $121.08 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $117.45 and the 200 Day Moving Average price is recorded at $109.69. On the companys insider trading activities,The officer (Chief Product Officer) of Facebook Inc, Cox Christopher K sold 5,934 shares at $115.01 on June 15, 2016. The Insider selling transaction had a total value worth of $682,469. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products include Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos, and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS, Android, BlackBerry, Windows Phone and Nokia devices.

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