Short Term Price Target on Facebook (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.

Facebook, Inc. has lost 0.7% in the last five trading days and dropped 3.79% in the last 4 weeks. Facebook, Inc. has dropped 1.53% during the last 3-month period . Year-to-Date the stock performance stands at 9.19%. Also, In the latest statement by the brokerage house, Axiom maintains its outlook on Facebook (NASDAQ:FB). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $150 per share to $155 per share. The rating by the firm was issued on April 28, 2016.

Facebook (NASDAQ:FB) : The consensus on Facebook (NASDAQ:FB) based on 33 analyst recommendation on the company stock is 1.18, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 28 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Facebook (NASDAQ:FB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $114.67 and $113.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $115.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.28, notching a gain of 0.11% for the day. The total traded volume was 23,192,716 . The stock had closed at $114.16 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Sandberg Sheryl, director officer (Chief Operating Officer) of Facebook Inc, had unloaded 109,000 shares at an average price of $114.42 in a transaction dated on June 22, 2016. The total value of the transaction was worth $12,471,780.

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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