Facebook (FB) Receives Price Target

Facebook (FB) : Currently there are 30 street experts covering Facebook (FB) stock. The most bullish and bearish price target for the stock is $185 and $126 respectively for the short term. The average price target of all the analysts comes to $155.4. The estimated standard deviation from the target is $12.64.

Facebook (FB) has an average broker rating of 1.27, which is interpreted as a Strong Buy, as rated by 30 equity analysts. Nonetheless, 24 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 4 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.


Also, In a research note released to the investors, Credit Suisse maintains its rating on Facebook (NASDAQ:FB).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Credit Suisse raises the new price target from $145 per share to $154 per share. The rating by the firm was issued on July 28, 2016.

Facebook (NASDAQ:FB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $126.38 and $125.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $126.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $126.17, notching a gain of 0.04% for the day. The total traded volume was 13,536,125 . The stock had closed at $126.12 on the previous day.

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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