Brokerage Firm Rating Update on Facebook (FB)

Facebook (FB) has an average broker rating of 1.27, which is interpreted as a Strong Buy, as rated by 30 equity analysts. Nonetheless, 24 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 4 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

Facebook (FB) has been rated by 30 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $185 and the lowest price target forecast is $126. The average forecast of all the analysts is $155.4 and the expected standard deviation is $12.64.


For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Credit Suisse maintains its ratings on Facebook (NASDAQ:FB). In the latest research report, Credit Suisse raises the target price from $145 per share to $154 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on July 28, 2016.

Facebook (NASDAQ:FB): The stock opened at $130.04 and touched an intraday high of $131.98 on Wednesday. During the day, the stock corrected to an intraday low of $129.95, however, the bulls stepped in and pushed the price higher to close in the green at $131.05 with a gain of 1.02% for the day. The total traded volume for the day was 27,990,796. The stock had closed at $129.73 in the previous trading session.

Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products include Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos, and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS, Android, BlackBerry, Windows Phone and Nokia devices.

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