Facebook Gets a Buy Rating from Goldman Sachs


In a report released today, Heather Bellini from Goldman Sachs maintained a Buy rating on Facebook (NASDAQ: FB), with a price target of $205. The company’s shares opened today at $176.26.

According to TipRanks.com, Bellini is a 5-star analyst with an average return of 20.1% and a 78.0% success rate. Bellini covers the Technology sector, focusing on stocks such as Citrix Systems, Salesforce.com, and Microsoft.

Facebook has an analyst consensus of Strong Buy, with a price target consensus of $213.12, implying a 20.9% upside from current levels. In a report issued on July 11, Nomura also initiated coverage with a Buy rating on the stock with a $228 price target.

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Based on Facebook’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $11.97 billion and net profit of $4.99 billion. In comparison, last year the company earned revenue of $9.32 billion and had a net profit of $3.89 billion.

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