JPMorgan Sees Opportunity in Facebook (FB) Weakness

April 3, 2013 8:51 AM EDT
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Price: $127.92 +0.04%

Rating Summary:
    48 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 5 | New: 0
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Facebook (NASDAQ: FB) stock is lower by over 8 percent in the past 30 days. Analysts at JPMorgan view this recent weakness as a buying opportunity.

Analysis of desktop and mobile data suggests competing services are having very little impact on Facebook usage, and overall engagement remains steady, noted today's report.

JPMorgan has an Overweight rating on Facebook (NASDAQ: FB) with a price target of $35.00

For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.

Shares of Facebook closed at $25.42 yesterday.

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