Capstone Increases Facebook Target Price
Facebook shareholders received welcome news today when Capstone analysts increased their target price on the social network from $26 to $35.
Facebook opened at $27.84 on Tuesday and remained steady at $27.88 by 3 p.m. The company’s stock has rebounded for a low-point of $17.55 since its IPO, and has gone as high as $45. Facebook’s market cap is set at $60.31, and its price-to-earnings ratio is $144.25.
Other analysts have given varying opinions on Facebook stock. On Nov. 30 analysts at Zacks gave the company a “neutral” rating in a note to investors. They currently list a $29 target on the stock. Analysts at Piper Jaffray gave Facebook shares an “overweight” rating as recently as Nov. 28, and list a $38 price target on its stock. On Nov. 26, analysts at Topeka Capital actually upgraded Facebook shares to “neutral.”
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