Pivotal Research Keeps Their Sell Rating on Facebook (FB)

Pivotal Research analyst Brian Wieser reiterated a Sell rating on Facebook (FBResearch Report) today and set a price target of $120. The company’s shares closed yesterday at $150.42.

Wieser wrote:

“We alter our valuation slightly to $120 for YE2019 basis vs. $113 previously and continue to rate the stock Sell.”

According to TipRanks.com, Wieser is a 5-star analyst with an average return of 11.2% and a 76.0% success rate. Wieser covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Nielsen Holdings, and 21st Century Fox.

Facebook has an analyst consensus of Moderate Buy, with a price target consensus of $181.13, representing a 20.4% upside. In a report issued on January 24, Societe Generale also maintained a Sell rating on the stock with a $120 price target.

See today’s analyst top recommended stocks >>

Facebook’s market cap is currently $432.2B and has a P/E ratio of 22.67. The company has a Price to Book ratio of 5.38.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.