After Goldman Sachs and Morgan Stanley gave Facebook (NASDAQ: FB) a Buy rating last month, the company received another Buy, this time from Monness. Analyst Brian White maintained a Buy rating on Facebook today and set a price target of $350.00. The company’s shares closed last Friday at $251.36.
According to TipRanks.com, White is a top 100 analyst with an average return of 31.9% and a 77.4% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Alphabet Class A.
Currently, the analyst consensus on Facebook is a Strong Buy with an average price target of $326.77, implying a 31.8% upside from current levels. In a report issued on January 5, Morgan Stanley also maintained a Buy rating on the stock with a $340.00 price target.
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The company has a one-year high of $304.67 and a one-year low of $137.10. Currently, Facebook has an average volume of 18.9M.
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Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm’s products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.
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