In a report released today, Daniel Salmon from BMO Capital reiterated a Hold rating on Facebook Inc (NASDAQ: FB), with a price target of $150. The company’s shares opened today at $148.45, close to its 52-week high of $153.60.
According to TipRanks.com, Salmon is a 5-star analyst with an average return of 11.5% and a 73.6% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Alliance Data Systems, and Publicis Groupe SA.
Facebook Inc has an analyst consensus of Strong Buy, with a price target consensus of $172.22.
Based on Facebook Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $8.03 billion and quarterly net profit of $3.06 billion. In comparison, last year the company earned revenue of $5.38 billion and had a net profit of $1.51 billion.
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