Breaking Finance News

A statement released earlier today by JP Morgan about Facebook (NASDAQ:FB) bumps the target price to $175.00

Just yesterday Facebook (NASDAQ:FB) traded -0.51% lower at $127.31. Facebook’s 50-day moving average is $126.51 and its 200-day moving average is $118.68. The last stock price is up 7.27% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 15,094,933 shares of FB traded hands, down from an average trading volume of 19,668,100

JP Morgan bumped up the target of Facebook (NASDAQ:FB) to $175.00 stating a potential upside of 0.37%.

Previously on 09/23/2016, Loop Capital released a statement about Facebook (NASDAQ:FB) increased the target price from $0.00 to $165.00. At the time, this indicated a possible upside of 0.27%.

Recent Performance Chart

Facebook (NASDAQ:FB)

Facebook has 52 week low of $85.72 and a 52 week high of $131.98 with a PE ratio of 60.86 and has a market capitalization of $0.

In addition to JP Morgan reporting its stock price target, a total of 44 brokerages have issued a ratings update on the company. The average stock price target is $142.20 with 17 brokerages rating the stock a strong buy, 29 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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