Facebook (FB) Receives a Buy from Jefferies

By Austin Angelo

In a report released today, Brent Thill from Jefferies maintained a Buy rating on Facebook (FBResearch Report), with a price target of $225.00. The company’s shares closed last Wednesday at $193.98.

According to TipRanks.com, Thill is a top 100 analyst with an average return of 15.6% and a 67.7% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palo Alto Networks, and CommVault Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Facebook with a $221.38 average price target, a 15.9% upside from current levels. In a report issued on April 16, MKM Partners also maintained a Buy rating on the stock with a $200.00 price target.

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The company has a one-year high of $224.20 and a one-year low of $137.11. Currently, Facebook has an average volume of 24.29M.

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Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm’s products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.