Facebook with ticker code (FB) now have 45 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 418 and 220 with the average target price sitting at 341.67. With the stocks previous close at 303.04 this now indicates there is a potential upside of 12.7%. There is a 50 day moving average of 293.46 while the 200 day moving average is 276.53. The company has a market capitalisation of $862,521m. You can visit the company’s website by visiting: http://investor.fb.com
Facebook develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. The company’s products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way. It also provides Facebook Reality Labs, an augmented and virtual reality product that help people feel connected, anytime, and anywhere. Facebook was founded in 2004 and is headquartered in Menlo Park, California.