Analyst Rating Update on Facebook (FB)

Facebook (FB) : 33 analysts are covering Facebook (FB) and their average rating on the stock is 1.24, which is read as a Strong Buy. 27 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Facebook (FB) also receives 4 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Facebook (FB) : Average target price received by Facebook (FB) is $154.18 with an expected standard deviation of $12.9. The most aggressive target on the stock is $185, whereas the most downbeat target is $126. 33 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Credit Suisse 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 Outperform by the stock experts at the ratings house. Credit Suisse raises the price target from $145 per share to $154 per share on Facebook . The rating by the firm was issued on July 28, 2016.


Facebook (NASDAQ:FB): The stock opened at $123.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $123.92 for the day. The stock traded down to $122.31 during the day, due to lack of any buying support eventually closed down at $122.51 with a loss of -0.47% for the day. The stock had closed at $123.09 on the previous day. The total traded volume was 18,498,423 shares.

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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