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September Analysts Upgrade Facebook

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September Analysts Upgrade Facebook

Since Facebook’s (NASDAQ:FB) highly anticipated initial public offering just a few years ago, shares have been subject to huge price swings. After initially trading above $40 per share at offering, shares of the social media giant plummeted by more than 50 percent to below $20 per share. At the moment it didn’t appear things were going well for the company. A slew of analyst downgrades, lawsuits, and selling pressure weighed on the minds of the long investor.

However, over the last year the company has been able to put most of these fears away with renewed concentration on monetization and mobilization. As I am sure most readers are already aware, the world is becoming increasingly mobile. Advertising company’s such as Facebook have just started to capture these eyes and pinpoint ads directly to these consumers. While we are perhaps decades away from significant earnings potential, a number of analysts have felt the need to back the stock in recent weeks. Over the last three months shares of the company are up by an astonishing 100% to $49 per share. In this brief article I would like to highlight a few recent analyst moves you should consider before trading in the company.

  • On September 24th Neil Doshi of Citi (NYSE:C) upgraded the stock to buy at $55 per share, roughly 12.5 percent higher than we are trading today.
  • On September 16th Heather Bellini of Goldman Sachs (NYSE:GS) upgraded the stock to buy with a $52 price target. Since her call shares are higher by more than 13 percent.
  • On September 12th Doug Anmuth of J.P. Morgan (NYSE:JPM) upgrade the stock to buy with a $53 price target. Since his call shares of the company are higher by more than 8 percent.

The list goes on and on to be honest, in the month of September 14 different analysts have upgraded the stock to buy. If they are right, shares may trade well into the 50’s within a matter of weeks. Please don’t consider any recommendations made within this article as advice, only opinion.

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