UBS AG Increases Facebook Price Target to $60.00 (FB)
Stock analysts at UBS AG raised their price objective on shares of Facebook (NASDAQ:FB) from $45.00 to $60.00 in a report issued on Friday, AR Network reports. UBS AG’s target price indicates a potential upside of 19.07% from the company’s current price.
In other Facebook news, COO Sheryl Sandberg sold 176,452 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $49.06, for a total transaction of $8,656,735.12. Following the completion of the sale, the chief operating officer now directly owns 12,123,507 shares in the company, valued at approximately $594,779,253. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Facebook (NASDAQ:FB) opened at 50.39 on Friday. Facebook has a 52-week low of $18.80 and a 52-week high of $50.60. The stock has a 50-day moving average of $42.11 and a 200-day moving average of $30.63. The company has a market cap of $122.7 billion and a P/E ratio of 228.01.
Facebook (NASDAQ:FB) last released its earnings data on Wednesday, July 24th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 53.1% on a year-over-year basis. Analysts expect that Facebook will post $0.72 EPS for the current fiscal year.
A number of other firms have also recently commented on FB. Analysts at Deutsche Bank raised their price target on shares of Facebook (NASDAQ:FB) from $43.00 to $62.00 in a research note to investors on Friday. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Facebook (NASDAQ:FB) to $58.00 in a research note to investors on Thursday. Finally, analysts at Jefferies Group raised their price target on shares of Facebook (NASDAQ:FB) from $37.00 to $60.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $46.97.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
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