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Saturday, April 17, 2021

FB Has Its Rating Reiterated By Evercore ISI

The stocks of FB have had a rating of “outperform” reiterated by the analysts working at Evercore ISI in a Tuesday research report. According to a report produced, the target price set on the firm is $370, calculated over the entire year. The price target set by the brokerage is indicative of an annual growth rate of 19.95% on the current price of the company. 

The Stock Commentary Of FB

There have been quite a few research equities that have commented on the stocks of FB. Moffett Nathanson has also increased the price target of the company from $285 to $325 in a 15th January research report. BMO Capital Markets has also increased the price target of the company from $325 to $335 in a 28th January research report. Raymond James has also increased the price target of the company from $320 to $360 with a rating of “strong-buy” in a 28th January research report. Morgan Stanley has also increased the price target of the company from $340 to $345 in a 28th January research report. In the end, The Goldman Sachs Group brought up a rating of buy with a price target of $355 in a 28th January research report. 

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One of the investment analysts covering the firm gave it a rating of sell, while five of them gave it a rating of hold- while thirty-seven of them assigned it a rating of buy. The current average rating on the company is “buy” with a price target of $327.15. 

The stocks of FB traded on Tuesday at $0.45. The year low of the company is $158.51, while the year high has been set at $310.77. The simple moving average price of the company over a period of 50 days is $274.07, while the moving average price of the company over a period of 200 days is $270.73. The market cap of the firm is $878.39 billion, with a 35.13 PE ratio. 

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