"Facebook Inc. (NASDAQ: FB) was reiterated as Buy and the price target was raised to $150 from $140 at Mizuho. It was reiterated as Buy and the price target was raised to $170 from $160 at Jefferies. Credit Suisse reiterated its Outperform rating and raised its price target to $154 from $145. Needham has a Buy rating and raised its target to $150 from $130. Facebook closed up 1.75% at $123.34 ahead of earnings, but it was indicated up 4% at $128.60 on Thursday morning. Facebook’s prior 52-week and all-time high was $125.00."
of the year. This sets the tone for the rest of the year. This coming 3rd and 4th quarter FB is going to kill it on earnings. FB's fundamentals are so strong . Its so easy LONG FB.
The psychological price point will bring in new buyers with this BEST of the BEST GROWTH STOCK with lots more growth positioned.
Its so easy to long FB. They are getting stronger and they will only continue to dominate with yet to monetize their other fire power of businesses. Love it that with this blow out report (again) that's not even including those other business yet to monetize. And instigram is still growing let alone the top tier WhatsApp and still the vr with Oculus. FB is going to be a monster! FB with combined acquisitions covers all ages and advertisers are already loving FB.
Every earnings season wallstreet tries to find something negative to spin on FB because simply FB is THE GROWTH stock. There was a lot of BS last quarter to manipulate FB but what happened is FB blew away numbers at reporting. This earnings season is snapchap chatter. As good as snapchat supposely is, it's not the POWERHOUSE FB IS with all their other businesses combined that FB has stratigcally acquired and positioned for further growth.
it was said it's FB's traditionally weak quarter. FB come's out reporting blowing away numbers of the highest estimates for past few quarters. FB is getting stronger. Expect instigram picking up Bigger numbers and outlook with WhatsApp, Messenger, and Oculus will be positive. Expect FB to blow away numbers again and has enough firepower lined up for future growth. For the long term investor, relax and enjoy the show up or down because we know long term FB is a keeper and a gold mine.
As trading goes today, stock should stay in range today until earnings release after market close and a blowout will produce an immediate pop afterhours. And a perfect scenario would be some follow-through momentum post earnings.
BTIG target price target was only 117. With all the ongoing positive news and with the latest MESSENGER topping a Billion users. Price targets should be Raised, NOT downgrade it because their too low of price target at 117. What a joke, Greenfield. FB is going to blowout earnings with more growth. Deserves higher prices.
The timing with earnings near, it could retest previous all time highs. And with earnings announcement, a blowout is just perfect timing for the amo to push FB to new all time highs....it would be fun to see a follow through momentum run...wouldn't it.
FB is going to kill it in earnings on the 27th and looking like they are best bet to succeed entering China. That market needless to say will be HUGE. FB way undervalued to its growth.
"Facebook Inches Closer To China With Tencent Poach"
[Forbes] Doug Young. July 18, 2016
"Bottom line: Facebook’s new hire of a top WeChat executive could be the latest signal that it expects to get permission to launch a China-based service soon, possibly by the end of this year."
Google it for the rest of the article.
Earnings in a couple of weeks for another blowout report. A 3 for 1 stock split coming that keeps mz in charge. Sweet.
FB should be trading much higher with its fundamental performance, blowout earnings quarter after quarter.
FB has plenty of growth ahead with consistent new ways to generate revenue. This 3 for 1 split structure will keep MZ at the helm is what investors want and MZ has the best creative team as FB is a magnet for attracting the best talent. PROVEN.
"Facebook to rise 20% on booming app economy: Citi"
Tae Kim 1 Hour Ago CNBC.com
"Citi Research says Facebook shares will surge due to the social network's dominance of the increasingly robust mobile-app advertising market."
"The app economy appears to be healthier than many investors believe. As the largest platform for app marketing, we believe Facebook has been and will continue to be the primary beneficiary of marketing spend by app developers as they look to drive new app installs and to reengage with existing app users," Citi's Mark May wrote in a note to clients Thursday."
"With app revenue growth still quite healthy and the outlook still strong, we believe app developers continue to spend aggressively to market and promote their apps."
14 trading days starting tomorrow the 8th till FB earnings release on the 27th. FB should be trading much higher by earnings. Throw in an earnings run it'll just be sweeter.
'ilovedthe80's' Thanks for the correction, yes FB reports on the 27th. I must've typed 28th by error because it reports after market closes. More thoughts, FB blewout earnings last quarter when it's supposely their weak quarter, this coming quarter its an easy bet that it's going to be another blowout. FB surely deserves to breakout to new highs. Its time for FB to trade on another leg up with its fundamental performance behind it.
Plus VZ gives pays us a dividend. VZ and XLP are my nice defensive income generating holdings. BUT I still want growth even within this market and have to stick with the best of breed and that's FB.
That's only 14 trading days left starting tomorrow the 8th. For daytraders, FB will not likely go below 115 area and that's IF it decides to even go back there BUT it'll most likely be MUCH higher by earnings if not setting new highs. For long term investors, its so easy. Bring on that 3 for 1 split too.
lets cruise right into earnings this month and sets some new highs. We all know its going to be a Blowout quarter. FB even blew out last quarter when it was suppose to be their weak Q.
Anyone who is following FB is well aware that MZ and FB team are making all the right moves so if the overall market is what's taking it down, then its an easy hold or add position as it closes the gap or hits the 200ma which how sweet it is the gap and 200ma are so close together makes it even more compelling buy at those ranges.
from CNBC (Mon 11:37AM EDT).
"Facebook now among the top 15 most widely held stocks
Eric Chemi | @ericchemi
21 Mins Ago CNBC.com
"For the first time, Facebook is now a top 15 most widely held stock among institutional equity investors.
The social network rose again in new rankings, coming in at 14th. That means more funds own Facebook shares than they do of household names like Home Depot, Pepsi and Exxon Mobil, according to eVestment.
Facebook's performance has made it more popular to investors, moving up from a ranking of 16th in December, 23rd in September, and 35th at the end of 2014."
NICE read. Here's my take away, "Robust Growth Continues"
"Sanderson maintains a Buy rating on the company, while raising the price target from $135 to $150."