The social media giant is expected to reach a share price of $100 by the end of the current financial month.
Facebook has recently been seen to go downwards on the stock index by a prominent difference, which almost surprised the investors and shareholders considering how well the social media giant has been performing lately. On Tuesday’s trading session, the stock of the media company fell by a massive 3%, which was mainly because of the weaknesses in the tech market overall.
The interesting part of Facebook stock news comes when analysts in the industry turn out to be constantly positive about the stock of the firm, especially for the near term future. One such analyst in the market has proposed that the social network platform might even end up gaining on the index by a colossal 15%.
This prediction made by the analysts towards the Facebook stock has been made for a short term period of a month only, which is another factor which has made the investors wonder as to what is it really that is making them so bullish about the giant. According to an analyst, it was noted down that the social media company is being looked at with a very bullish preview and it is believed that by the end of October, the media firm will be hitting a share value of $100 for sure.
The analyst, who informed the press of his ideas towards the expected activities of the stock, has also supported his argument with the facts on how the current tech market is seeing too many lows and any kind of high cannot be simply predicted. However, he has said that if the market picks itself up from the current turmoil, then the stock of the network giant will touch boundaries that no one is expecting from it.
Another factor that can help the giant to gather its fallen pieces in the stock market is the important demand for the analysts to report better than expected earnings in the upcoming quarterly report. The same analyst is also of the opinion that good earnings can prove as a much indeed guide for the giant in this difficult time and if things are handled perfectly even in the near future, then the $100 share value will not just remain a dream for the investors.
The past week for the media company has been quite a struggle, assuming the loss of around 6% of the stock value during the time. However, the corporate management remains optimist about the future endeavors.
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