Several brokerages have updated their recommendations and price targets on shares of Facebook (NASDAQ: FB) in the last few weeks:

  • 10/2/2017 – Facebook had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $195.00 price target on the stock, up previously from $190.00.
  • 9/28/2017 – Facebook had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $220.00 price target on the stock, up previously from $215.00.
  • 9/27/2017 – Facebook had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $215.00 price target on the stock, up previously from $185.00.
  • 9/27/2017 – Facebook had its “average” rating reaffirmed by analysts at Cowen and Company. They now have a $200.00 price target on the stock, up previously from $195.00.
  • 9/27/2017 – Facebook had its “outperform” rating reaffirmed by analysts at FBN Securities. They now have a $120.00 price target on the stock.
  • 9/27/2017 – Facebook had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $200.00 price target on the stock.
  • 9/26/2017 – Facebook had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $190.00 price target on the stock.
  • 9/26/2017 – Facebook was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $191.00 price target on the stock. According to Zacks, “Facebook’s mobile and live video efforts continue to pay off big time. Instagram has also emerged as an important revenue stream. Apart from mobile and video, the monetization opportunities of the company’s other subsidiaries – Messenger, WhatsApp and Oculus – and a huge user base/higher engagement levels are expected to drive growth going ahead. Facebook is also dabbling in AR/VR and AI technologies, which bodes well for long term growth. In the last one year, it has vastly outperformed the broader market. However, rising costs and stiffening competition for ad dollars is concerning. Also, the recent uproar surrounding the apparent usage of the platform by Russian elements for interfering in the election process has put Facebook in a spot. Amid all this and tremendous investor pressure, Facebook has scrapped plans to create Class C shares that would have helped Zuckerberg to retain his control over the company.”
  • 9/25/2017 – Facebook was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $180.74 price target on the stock.
  • 9/20/2017 – Facebook had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $230.00 price target on the stock.
  • 9/6/2017 – Facebook had its “sell” rating reaffirmed by analysts at Pivotal Research. They now have a $140.00 price target on the stock.
  • 9/1/2017 – Facebook had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $185.00 price target on the stock.
  • 8/28/2017 – Facebook was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $174.15 price target on the stock.
  • 8/21/2017 – Facebook was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $174.15 price target on the stock.
  • 8/15/2017 – Facebook is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $210.00 price target on the stock.
  • 8/10/2017 – Facebook had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $195.00 price target on the stock.
  • 8/9/2017 – Facebook was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Facebook’s mobile and live video efforts continue to pay off big time. Instagram has also emerged as an important revenue stream. Apart from mobile and video, the monetization opportunities of the company’s other subsidiaries –  Messenger, WhatsApp and Oculus – and a huge user base/higher engagement levels are expected to drive growth going ahead. Facebook is also dabbling in augmented reality/virtual reality (AR/VR) and artificial intelligence (AI) technologies, which bodes well for long term growth. In the last one year, it has vastly outperformed the broader market. However, rising costs and stiffening competition for ad dollars is concerning.”
  • 8/8/2017 – Facebook was downgraded by analysts at Pivotal Research from a “hold” rating to a “sell” rating.
  • 8/7/2017 – Facebook had its “buy” rating reaffirmed by analysts at Mizuho.
  • 8/7/2017 – Facebook had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $200.00 price target on the stock, up previously from $180.00.

Shares of Facebook, Inc. (FB) opened at 169.96 on Wednesday. The firm has a 50-day moving average of $169.83 and a 200-day moving average of $156.72. The firm has a market capitalization of $493.60 billion, a PE ratio of 38.04 and a beta of 0.70. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. On average, equities research analysts anticipate that Facebook, Inc. will post $5.36 EPS for the current fiscal year.

In related news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $170.10, for a total value of $127,575.00. Following the completion of the transaction, the vice president now directly owns 92,191 shares of the company’s stock, valued at $15,681,689.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $149.93, for a total transaction of $2,398,880.00. Following the completion of the transaction, the insider now directly owns 184,965 shares of the company’s stock, valued at $27,731,802.45. The disclosure for this sale can be found here. In the last three months, insiders sold 12,916,933 shares of company stock worth $2,121,180,386. 19.08% of the stock is owned by insiders.

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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