Monness analyst Brian White reiterated a Buy rating on Facebook Inc (NASDAQ: FB) on April 26 and set a price target of $225. The company’s shares closed on Friday at $173.59.
According to TipRanks.com, White is a top 100 analyst with an average return of 15.7% and a 67.3% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $221.48, representing a 27.6% upside.
In a report issued on April 11, Oppenheimer also assigned a Buy rating to the stock.
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Based on Facebook Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $11.97 billion and quarterly net profit of $4.99 billion. In comparison, last year the company earned revenue of $8.03 billion and had a net profit of $3.06 billion.
Based on the recent corporate insider activity of 228 insiders, corporate insider sentiment is negative on the stock.
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