In a report released yesterday, Justin Post from Merrill Lynch reiterated a Buy rating on Facebook (FB), with a price target of $335.00. The company’s shares closed last Friday at $277.30, close to its 52-week high of $304.67.
According to TipRanks.com, Post is a top 25 analyst with an average return of 28.2% and a 76.2% success rate. Post covers the Technology sector, focusing on stocks such as Uber Technologies, Alphabet Class A, and GoodRx Holdings.
Facebook has an analyst consensus of Strong Buy, with a price target consensus of $300.15, which is a 7.9% upside from current levels. In a report issued on October 8, Cowen & Co. also maintained a Buy rating on the stock with a $320.00 price target.
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Facebook’s market cap is currently $792.3B and has a P/E ratio of 34.00. The company has a Price to Book ratio of 8.77.
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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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