After China Renaissance Securities (US) Inc. and Rosenblatt Securities gave Facebook (NASDAQ: FB) a Buy rating last month, the company received another Buy, this time from Tigress Financial. Analyst Ivan Feinseth reiterated a Buy rating on Facebook today. The company’s shares opened today at $188.47.
According to TipRanks.com, Feinseth is a top 100 analyst with an average return of 16.0% and a 68.2% success rate. Feinseth covers the Consumer Goods sector, focusing on stocks such as Dolby Laboratories, USANA Health, and Garmin Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Facebook with a $220.19 average price target, implying a 16.8% upside from current levels. In a report issued on June 3, Rosenblatt Securities also reiterated a Buy rating on the stock with a $242 price target.
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Facebook’s market cap is currently $539.8B and has a P/E ratio of 28.08. The company has a Price to Book ratio of 6.24.
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