U.S. markets closed
  • S&P 500

    3,465.39
    +11.90 (+0.34%)
     
  • Dow 30

    28,335.57
    -28.09 (-0.10%)
     
  • Nasdaq

    11,548.28
    +42.28 (+0.37%)
     
  • Russell 2000

    1,640.50
    +10.25 (+0.63%)
     
  • Crude Oil

    39.78
    -0.86 (-2.12%)
     
  • Gold

    1,903.40
    -1.20 (-0.06%)
     
  • Silver

    24.70
    -0.01 (-0.04%)
     
  • EUR/USD

    1.1868
    +0.0042 (+0.36%)
     
  • 10-Yr Bond

    0.8410
    -0.0070 (-0.83%)
     
  • GBP/USD

    1.3038
    -0.0042 (-0.32%)
     
  • USD/JPY

    104.7200
    -0.1200 (-0.11%)
     
  • BTC-USD

    13,123.08
    +226.49 (+1.76%)
     
  • CMC Crypto 200

    260.05
    -1.40 (-0.54%)
     
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • Nikkei 225

    23,516.59
    +42.32 (+0.18%)
     

Why Facebook's Stock Is Trading Higher Today

Tanzeel Akhtar
·1 min read

Facebook (NASDAQ: FB) shares are trading higher on Monday after Deutsche Bank maintained a Buy rating on the stock and raised its price target from $305 to $325.

Facebook is the world's largest online social network, with 2.5 billion monthly active users. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products.

See Also: Why These Social Media Stocks Are Trading Higher Today

Advertising revenue represents more than 90% of the firm's total revenue, with 50% coming from the U.S. and Canada, and 25% from Europe. With gross margins above 80%, Facebook operates at a 30%-plus margin.

Facebook shares traded up 5.86% to $279.96 on Monday at the time of publication. The stock has a 52-week high of $304.67 and a 52-week low of $137.10.

Latest Ratings for FB

Date

Firm

Action

From

To

Oct 2020

Deutsche Bank

Maintains

Buy

Sep 2020

Oppenheimer

Maintains

Outperform

Sep 2020

Morgan Stanley

Maintains

Overweight

View More Analyst Ratings for FB
View the Latest Analyst Ratings

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.