Tigress Financial Thinks Facebook’s Stock is Going to Recover

By Jason Carr

Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Facebook (FBResearch Report) today. The company’s shares opened today at $130.70, close to its 52-week low of $126.85.

According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 14.1% and a 57.9% success rate. Feinseth covers the Services sector, focusing on stocks such as Southwest Airlines, Royal Caribbean, and Starbucks Corp.

Facebook has an analyst consensus of Strong Buy, with a price target consensus of $188.31, representing a 44.1% upside. In a report issued on December 10, Deutsche Bank also reiterated a Buy rating on the stock.

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Based on Facebook’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $13.73 billion and net profit of $5.14 billion. In comparison, last year the company earned revenue of $10.33 billion and had a net profit of $4.7 billion.

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