Analysts' Ratings History for Facebook (NASDAQ:FB)
Date Firm Action Rating Price Target Details Share5/7/2014 Credit Suisse Upgrade Neutral - Outperform $87.00
they make their upgrade announcement so the amateur investors buy causing a small rally in price into a level where their are sell orders waiting. I'm afraid until these orders are depleted, the price will continue to yo-yo between the mid-50's and low 60's. kind of makes me sick really.
Simply people have herd mentality and don't know what they hold in investments. The perfect example is Twitter versus Facebook comparison. Twitter was way overvalued and really was way ahead of fundamentals. FB in a different story with Growth rates and EPS growing at an incredible speed that is speeding toward those fundamentals. As investors we should be analyzing each company individually not bundling in a sector. I have a large position and have no fear instead I will be buying more if given the opportunity.
Sentiment: Strong Buy