Aegis Capital Believes Facebook Inc (NASDAQ: FB) Still Has Room to Grow

By Carrie Williams

In a report released today, Victor Anthony from Aegis Capital assigned a Buy rating to Facebook Inc (NASDAQ: FB), with a price target of $185. The company’s shares opened today at $160.25, close to its 52-week high of $160.78.

According to TipRanks.com, Anthony is a 5-star analyst with an average return of 13.4% and a 63.9% success rate. Anthony covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Paypal Holdings, and Match Group Inc.

Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $172.55, representing a 7.7% upside.

In a report issued on July 10, Credit Suisse also reiterated a Buy rating on the stock with a $180 price target.

Facebook Inc’s market cap is currently $463.6B and has a P/E ratio of 42.32. The company has a book value ratio of 7.4547.

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