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

By Carrie Williams

In a report issued on October 11, Mark Mahaney from RBC Capital reiterated a Buy rating on Facebook Inc (NASDAQ: FB), with a price target of $195. The company’s shares opened today at $173.45, close to its 52-week high of $175.49.

According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 25.9% and a 76.3% success rate. Mahaney covers the Technology sector, focusing on stocks such as Global Payments Inc, IAC/InterActiveCorp, and Angie’s List Inc.

Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $199, representing a 14.7% upside.

In a report issued on September 26, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $190 price target.

The company has a one-year high of $175.49 and a one-year low of $113.55. Currently, Facebook Inc has an average volume of 15.71M.

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