GBH Insights Reaffirms Their Buy Rating on Facebook Inc

By Jason Carr

In a report issued on January 25, Daniel Ives from GBH Insights reiterated a Buy rating on Facebook Inc (NASDAQ: FB), with a price target of $225. The company’s shares closed on Friday at $190, close to its 52-week high of $190.66.

According to, Ives is a 4-star analyst with an average return of 4.9% and a 57.3% success rate. Ives covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Nuance Communications, and Activision Blizzard.

Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $218.22, representing a 14.9% upside.

In a report issued on January 12, Merrill Lynch also maintained a Buy rating on the stock with a $230 price target.

Based on Facebook Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $10.33 billion and quarterly net profit of $4.7 billion. In comparison, last year the company earned revenue of $8.81 billion and had a net profit of $3.56 billion.

Based on the recent corporate insider activity of 219 insiders, corporate insider sentiment is negative on the stock.

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