Loop Capital recorded Facebook (NASDAQ:FB), upping its target price to $165.00 today
- Updated: September 22, 2016
Only yesterday Facebook (NASDAQ:FB) traded 0.11% higher at $130.08. FB’s 50-day average is $126.35 and its 200-day moving average is $118.21. The last stock close price is up 10.04% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 15,538,307 shares of FB changing hands under the typical 19,874,700
Facebook (NASDAQ:FB) had its price target upped to $165.00 by Loop Capital in an issued report issued Friday September 23, 2016. The bumped up target suggests a potential upside of 0.27% from the company's last stock close price.
With a total market value of $0, Facebook has 52 week low of $85.72 and a 52 week high of $131.98 with a PE ratio of 62.18 .
A total of 44 equity analysts have released a ratings update on the company. Seventeen analysts rating the company a strong buy, 29 equity analysts rating the company a buy, three analysts rating the company a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell with a 12-month price target of $142.20.
General Company Details For 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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