Green Eggs and Facebook (FB)
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Price: $44.37 -0.02%
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
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Below is the story of Facebook (NASDAQ: FB) stock since the IPO debacle left shares in the dust.
Wall Street: Do you like Facebook stock?
Investor: I do not like Facebook stock
Wall Street: Would you like them with a Buy?
Investor: I would not like them with a Buy
Wall Street: Would you, could you 50% off?
Investor: I would not, could not 50% off
Wall Street: You don't like them, so you say. Try them! Try them! and you may.
Investor: If you will let me be I will try them. You will see.
Investor: Say! I like Facebook stock. I do! I like them Wall Street friend!
Since Wall Street launched favorable coverage on the stock in late June, shares have been decimated - down 43 percent to be exact. However, the latest round of Wall Street table-pounding appears to be gaining traction and last night's move by CEO Mark Zuckerberg not to sell his stock for at least a year is giving them that much more leverage to scream buy, buy, buy!
Today analysts at JPMorgan reiterated their Overweight rating and $30 price target on the stock, saying the Zuckerberg news increases clarity around the lock-up expiration and the RSU tax settlement in cash is a net positive.
"The Street has been heavily focused on the large lock-up expirations coming in October and November, and we believe the combination of taking Mark Zuckerberg's shares out of that equation and also shrinking the outstanding share count by 101M shares (~3.7%) shows management's confidence in Facebook's long-term story," said analyst Doug Anmuth.
In addition, today Jefferies launched coverage with a new Buy rating and $30 price target. Jefferies' analyst said, "With a potent mix of unprecedented scale, high engagement, and social + behavioral targeting, we think Facebook is must-buy media for marketers as they follow users online. Lockup pressure looks inevitable through Dec. But expansion into other business areas also looks inevitable, and at the current price investors effectively receive this optionality for free. Following a 50% share retreat since the IPO (0.7 PEG), we see lots to Like."
In all, 20 firms rate Facebook a Buy, versus 15 Neutral and 1 Sell, according to Ratings Insider. The average price target is $35.41, suggesting 91 percent upside.
So - Try them! Try them! and you may.
Shares of Facebook are up 4.7 percent today to $18.57.
Wall Street: Do you like Facebook stock?
Investor: I do not like Facebook stock
Wall Street: Would you like them with a Buy?
Investor: I would not like them with a Buy
Wall Street: Would you, could you 50% off?
Investor: I would not, could not 50% off
Wall Street: You don't like them, so you say. Try them! Try them! and you may.
Investor: If you will let me be I will try them. You will see.
Investor: Say! I like Facebook stock. I do! I like them Wall Street friend!
Since Wall Street launched favorable coverage on the stock in late June, shares have been decimated - down 43 percent to be exact. However, the latest round of Wall Street table-pounding appears to be gaining traction and last night's move by CEO Mark Zuckerberg not to sell his stock for at least a year is giving them that much more leverage to scream buy, buy, buy!
Today analysts at JPMorgan reiterated their Overweight rating and $30 price target on the stock, saying the Zuckerberg news increases clarity around the lock-up expiration and the RSU tax settlement in cash is a net positive.
"The Street has been heavily focused on the large lock-up expirations coming in October and November, and we believe the combination of taking Mark Zuckerberg's shares out of that equation and also shrinking the outstanding share count by 101M shares (~3.7%) shows management's confidence in Facebook's long-term story," said analyst Doug Anmuth.
In addition, today Jefferies launched coverage with a new Buy rating and $30 price target. Jefferies' analyst said, "With a potent mix of unprecedented scale, high engagement, and social + behavioral targeting, we think Facebook is must-buy media for marketers as they follow users online. Lockup pressure looks inevitable through Dec. But expansion into other business areas also looks inevitable, and at the current price investors effectively receive this optionality for free. Following a 50% share retreat since the IPO (0.7 PEG), we see lots to Like."
In all, 20 firms rate Facebook a Buy, versus 15 Neutral and 1 Sell, according to Ratings Insider. The average price target is $35.41, suggesting 91 percent upside.
So - Try them! Try them! and you may.
Shares of Facebook are up 4.7 percent today to $18.57.
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