Monness Sticks to Its Buy Rating for Facebook (FB)

Monness analyst Brian White maintained a Buy rating on Facebook (FBResearch Report) today and set a price target of $225. The company’s shares closed on Friday at $179.10.

According to TipRanks.com, White is a top 25 analyst with an average return of 25.2% and a 76.6% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.

Currently, the analyst consensus on Facebook is a Strong Buy with an average price target of $194.26, which is an 8.5% upside from current levels. In a report issued on March 31, SunTrust Robinson also assigned a Buy rating to the stock with a $210 price target.

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Based on Facebook’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $16.91 billion and net profit of $6.88 billion. In comparison, last year the company earned revenue of $11.97 billion and had a net profit of $4.99 billion.

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