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A statement released earlier today by Canaccord about Facebook (NASDAQ:FB) bumps down the target price to $150.00

Yesterday Facebook (NASDAQ:FB) traded -2.03% lower at $118.42. The company’s 50-day moving average is $125.02 and its 200-day moving average is $122.59. The last closing price is down -3.40% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 0 shares of the stock traded hands, down from an average trading volume of 20,823,100

Canaccord bumped down the target of Facebook (NASDAQ:FB) to $150.00 stating a potential upside of 0.27%.

Previously on 11/30/2016, Vetr Inc. reported on Facebook (NASDAQ:FB) increased the target price from $0.00 to $134.79. At the time, this indicated a possible upside of 0.14%.

See Chart Below

Facebook (NASDAQ:FB)

Facebook has a 52 week low of $89.37 and a 52 week high of $133.50 with a P/E ratio of 45.65 The company’s market cap is currently $0.

In addition to Canaccord reporting its stock price target, a total of 44 brokers have issued a report on the company. The average stock price target is $142.20 with 17 brokers rating the stock a strong buy, 29 brokers rating the stock a buy, 3 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Facebook (NASDAQ:FB)

Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram is a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them to friends. Messenger is a messaging application available for mobile and Web on various platforms and devices. WhatsApp Messenger is a mobile messaging application that is used by people around the world. Oculus virtual reality technology and content platform allows people to play games, consume content and connect with others.

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