Facebook Given a $49.00 Price Target at Telsey Advisory Group (FB)

By admin | 6 years ago

Equities researchers at Telsey Advisory Group set a $49.00 target price on shares of Facebook (NASDAQ: FB) stock in a report issued on Thursday.

Facebook opened at 38.00 on Thursday. The company’s market cap is $104.0 billion.

Several other analysts have also recently commented on the stock. Analysts at Sterne Agee initiated coverage on shares of Facebook in a research note to investors on Monday, May 7th. They set a “buy” rating and a $46.00 price target on the stock. Analysts at Wedbush initiated coverage on shares of Facebook in a research note to investors on Friday, May 4th. They set an “outperform” rating and a $44.00 price target on the stock.

Facebook, launched in 2004, is the world’s largest social networking service with more than 900 million active users.

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