In a report released yesterday, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Facebook (FB), with a price target of $175. The company’s shares closed yesterday at $182.58.
Devitt observed:
“We remain Hold rated on shares of Facebook with a 12-month DCF-driven $175 TP, or 20x 2020 EPS.”
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 22.3% and a 71.8% success rate. Devitt covers the Technology sector, focusing on stocks such as Lyft Inc Class A, Paypal Holdings, and Eventbrite Inc.
Currently, the analyst consensus on Facebook is a Strong Buy with an average price target of $197.17, which is a 8.0% upside from current levels. In a report issued on April 22, BMO Capital also maintained a Hold rating on the stock with a $190 price target.
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Based on Facebook’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $16.91 billion and net profit of $6.88 billion. In comparison, last year the company earned revenue of $11.97 billion and had a net profit of $4.99 billion.
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