This is based on ratings from 39 analysts. Apart from the United States & Canada, the revenue has been on the surge in the Asia-Pacific and Europe. MarketBeat’s Facebook stock forecast shows an average 12-month target for the Facebook stock price at 406.92. Moreover, other revenues of the company surged 35.8% year over year to $497 million. Advertising remained the biggest factor as the company’s second-quarter ad revenue increased 56% year over year to reach $28.58 billion.
Last week, RBC initiated coverage on Facebook stock with an outperform rating and 425 target price. Meta Platforms (ex Facebook) Calendar Earnings Report, 2.186 USD, Q1 2023 Earnings Release, Earnings Report, -, Q2 2023 Earnings Release, 07/26/. Its street high target price of 500 is a premium of 45.9 over current prices. Facebook has a median target price of 425 which is a 24 premium over current prices. Facebook's top-and bottom-line quarterly results, owing to the increased revenue from its ads, continue to beat expert analysts’ calculations and thus, continues the surge in Facebook stock price time after time.Īccording to a report by Zacks, an investment research company, Facebook's second-quarter 2021 earnings of $3.61 per share once again beat the analysts’ estimate by 19.1% and continued to surged 100.6% year over year. None of the analysts have a sell rating on the stock. The company’s advertising business has seen incredible momentum lately. Why is Facebook share price going up?įacebook is one of the biggest online advertisers with strong revenue.
Facebook shares were being traded at USD 372.63 at the time of writing. The surge in the company’s stock price is attributed to its quarterly results along with an increased revenue estimate. The stocks of the American Internet giant have added about 1.7% since last month, outperforming the S&P 500. Facebook stock price have been on the rise.
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