Wedbush Maintains Their Buy Rating on Facebook Inc

By Austin Angelo

In a report released today, Michael Pachter from Wedbush maintained a Buy rating on Facebook Inc (NASDAQ: FB), with a price target of $260. The company’s shares closed yesterday at $153.03.

According to TipRanks.com, Pachter is ranked 0 out of 5 stars with an average return of -3.7% and a 46.3% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Pandora Media.

Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $223.63, representing a 46.1% upside.

In a report issued on March 19, Oppenheimer also maintained a Buy rating on the stock with a $225 price target.

The company has a one-year high of $195.32 and a one-year low of $138.81. Currently, Facebook Inc has an average volume of 31.52M.

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