Facebook (FB) Receives a Rating Update from a Top Analyst

In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Facebook (FBResearch Report). The company’s shares opened today at $167.16.

According to TipRanks.com, Feinseth is a top 100 analyst with an average return of 16.6% and a 68.9% success rate. Feinseth covers the Services sector, focusing on stocks such as Booking Holdings Inc, Wal-Mart Stores Inc, and Southwest Airlines.

Facebook has an analyst consensus of Strong Buy, with a price target consensus of $191.58, which is a 14.6% upside from current levels. In a report issued on March 5, Rosenblatt Securities also maintained a Buy rating on the stock with a $212 price target.

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The company has a one-year high of $218.62 and a one-year low of $123.02. Currently, Facebook has an average volume of 22.15M.

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