Facebook (FB) : The consensus price target for Facebook (FB) is $147.07 for the short term with a standard deviation of $11.01. The most optimist securities analyst among the 30 who monitor the stock believes that the stock can reach $170, however, the pessimist price target for the company is $126.
Facebook (FB) has shown a drop of 4.3% or 1,081,457 shares in the short positions. The bets have increased to 24,248,912 shares on June 30,2016 from 25,330,369 shares on June 15,2016. With respect to the floated shares, the shorts are 1.1%. The days to cover are calculated to be 1, using the standard per day volume of 24,021,881 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In a research note released to the investors, Axiom maintains its rating on Facebook (NASDAQ:FB).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Axiom raises the new price target from $150 per share to $155 per share. The rating by the firm was issued on April 28, 2016.
Facebook (NASDAQ:FB): stock turned positive on Thursday. Though the stock opened at $117.5, the bulls momentum made the stock top out at $117.64 level for the day. The stock recorded a low of $116.7 and closed the trading day at $117.29, in the green by 0.44%. The total traded volume for the day was 14,579,736. The stock had closed at $116.78 in the previous days trading.
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.