Facebook (FB) : 26 brokerage houses believe that Facebook (FB) is a Strong Buy at current levels. 4 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Facebook (FB). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 32 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.
Facebook (FB) : The consensus price target for Facebook (FB) is $154.16 for the short term with a standard deviation of $13.11. The most optimist securities analyst among the 32 who monitor the stock believes that the stock can reach $185, however, the pessimist price target for the company is $126.
For the current week, the company shares have a recommendation consensus of Buy. Facebook (NASDAQ:FB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $125.20 and $124.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $125.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $124.90, notching a gain of 0.02% for the day. The total traded volume was 11,729,519 . The stock had closed at $124.88 on the previous day.
In a related news, Fischer David B., officer (VP Marketing & Bus. Part.) of Facebook Inc, unloaded 31,500 shares at an average price of $123.57 on August 2, 2016. The total amount of the transaction was worth $3,892,455, according to the disclosed information 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.