Citigroup disclosed Facebook (NASDAQ:FB), boosting its stock price target to $158.00 earlier today
- Updated: September 19, 2016
Displaying a price of $129.07, Facebook (NASDAQ:FB) traded 0.00% even on the day. With the last stock price up 10.01% relative to the 200-day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. FB has recorded a 50-day moving average of $125.23 and two hundred day average of $117.33. Volume of trade was was down over the average, with 86,912 shares of FB changing hands under the typical 20,278,000 shares.
Facebook (NASDAQ:FB) had its target price upped to $158 by Citigroup in a report announced 9/19/2016. The new target price indicates a possible upside of 0.22% from the bussiness’ previous stock close price.
Recent Performance Graph:
In addition to Citigroup reporting it’s stock price target, a total of 44 brokerages have released a ratings update on FB. The one year target stock price is $142.20 with 17 firms rating the stock a strong buy, 29 analysts rating the stock a buy, three firms rating the stock a hold, one analyst rating the stock to underperform, and lastly 0 brokerages rating the stock as sell.
With a market capitalization of $0.0, Facebook has a one-year low of $85.72 and a 52 week high of $131.98 with a P/E ratio of 62.
More 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, and consume content and connect with others.
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