Facebook (FB) Gets a Buy Rating from Monness

In a report released today, Brian White from Monness maintained a Buy rating on Facebook (FBResearch Report), with a price target of $350.00. The company’s shares closed last Friday at $263.94.

According to TipRanks.com, White is a top 25 analyst with an average return of 29.6% and a 77.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Alphabet Class A.

Facebook has an analyst consensus of Strong Buy, with a price target consensus of $316.00, implying a 15.1% upside from current levels. In a report issued on October 16, Bernstein also maintained a Buy rating on the stock with a price target.

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The company has a one-year high of $304.67 and a one-year low of $137.10. Currently, Facebook has an average volume of 23.54M.

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Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm’s products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.