Facebook Inc Receives a Buy from Cowen & Co.

By Austin Angelo

Cowen & Co. analyst John Blackledge reiterated a Buy rating on Facebook Inc (NASDAQ: FB) today and set a price target of $210. The company’s shares opened today at $166.98.

According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 16.5% and a 68.2% success rate. Blackledge covers the Services sector, focusing on stocks such as Pandora Media, Wayfair Inc, and Netflix.

Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $219.48, representing a 31.4% upside.

In a report issued on March 29, Wedbush also maintained a Buy rating on the stock with a $260 price target.

The company has a one-year high of $195.32 and a one-year low of $139.33. Currently, Facebook Inc has an average volume of 36.38M.

Based on the recent corporate insider activity of 229 insiders, corporate insider sentiment is negative on the stock.

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