Facebook (FB) Received its Third Buy in a Row


After Stifel Nicolaus and MKM Partners gave Facebook (NASDAQ: FB) a Buy rating last month, the company received another Buy, this time from Deutsche Bank. Analyst Lloyd Walmsley maintained a Buy rating on Facebook today and set a price target of $195. The company’s shares opened today at $144.06.

According to TipRanks.com, Walmsley is a 4-star analyst with an average return of 9.5% and a 53.9% success rate. Walmsley covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Inc, and Shutterstock.

Facebook has an analyst consensus of Strong Buy, with a price target consensus of $188.31, representing a 30.7% upside. In a report issued on December 12, Merrill Lynch also maintained a Buy rating on the stock with a $190 price target.

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Facebook’s market cap is currently $416.6B and has a P/E ratio of 21.71. The company has a Price to Book ratio of 5.15.

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