Facebook (FB, $369.79) got price target hike at Credit Suisse
Facebook shares climbed on Friday, after Credit Suisse analyst Stephen Ju raised his price target on the social media giant’s shares.
Ju hiked his price target to $480 from $400, while maintaining his outperform rating.
“As Facebook (and the broader online ad industry) continues to benefit from budget recovery for the second quarter, our focus shifts back to offense and product development,” Ju wrote in a commentary.
“At the time of its last disclosure (the third quarter of 2020), the core Facebook app had 200 million business profiles and 10 million advertisers, while Instagram had 4 million advertisers,” Ju wrote.
“From a near-term tactical perspective, our conversations with advertisers continue to suggest ad budget recovery across most sectors.”
FB in upward trend: price may jump up because it broke its lower Bollinger Band on May 24, 2022
FB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 37 of 47 cases where FB's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 79%.
Current price $191.63 is below $254.20 the lowest support line found by A.I. Throughout the month of 04/26/22 - 05/26/22, the price experienced a +6% Uptrend. During the week of 05/19/22 - 05/26/22, the stock enjoyed a +0.18% Uptrend growth.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FB's RSI Indicator exited the oversold zone, 24 of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 75%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 39 of 55 cases where FB's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 71%.
The Momentum Indicator moved above the 0 level on May 26, 2022. You may want to consider a long position or call options on FB as a result. In 59 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
Following a +5.71% 3-day Advance, the price is estimated to grow further. Considering data from situations where FB advanced for three days, in 220 of 323 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
The Moving Average Convergence Divergence Histogram (MACD) for FB turned negative on May 24, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 27 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 57%.
FB moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for FB crossed bearishly below the 50-day moving average on April 22, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 80%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FB declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 55%.
The Aroon Indicator for FB entered a downward trend on May 06, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 84%. During the last month, the daily ratio of advancing to declining volumes was 1.47 to 1.
The Tickeron Seasonality Score of 37 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating fairly steady price growth. FB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 67 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 71 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.209) is normal, around the industry mean (17.595). P/E Ratio (14.535) is within average values for comparable stocks, (52.224). Projected Growth (PEG Ratio) (1.164) is also within normal values, averaging (4.148). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (4.523) is also within normal values, averaging (99.335).
The Tickeron Profit vs. Risk Rating rating for this company is 76 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 78 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.
The average market capitalization across the Internet Software/Services Industry is 35.2B. The market cap for tickers in the group ranges from 1.1K to 1.4T. GOOGL holds the highest valuation in this group at 1.4T. The lowest valued company is MSEZ at 1.1K.
- 5/12/22 5:38 AM: Meta Platforms (FB, $188.74) saw a $93.8B market cap decrease this week
- 5/6/22 5:04 AM: Meta Platforms (FB, $208.28), market cap dropped by $40.9B
- 4/30/22 6:01 AM: Meta Platforms (FB, $200.47) saw a $58.7B market cap increase this week
The average weekly price growth across all stocks in the Internet Software/Services Industry was -1.97%. For the same Industry, the average monthly price growth was -12.24%, and the average quarterly price growth was -19.24%. SPFYF experienced the highest price growth at 63.28%, while ELRE experienced the biggest fall at -76.45%.
- 5/25/22 7:32 AM: Meta Platforms (FB, $181.28) was a top loser this week, declining -10.53%. Expect a Downtrend reversal
- 4/29/22 5:52 AM: Meta Platforms (FB, $205.73) was a top weekly gainer, with a +9.39% jump
- 3/25/22 6:10 AM: Meta Platforms (FB, $219.57) was a top weekly gainer, with a +5.64% jump
The average weekly volume growth across all stocks in the Internet Software/Services Industry was 44.42%. For the same stocks of the Industry, the average monthly volume growth was -8.81% and the average quarterly volume growth was 197.23%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 53%. During the last month, the daily ratio of advancing to declining volumes was 1.2 to 1.
6 stocks in the group of tickers confirmed the positive outlook based on the BollingerBands indicator with average odds of 78%.
The average market capitalization across the group is 14.7B. The market cap for tickers in the group ranges from 42.1M to 85B. NFLX holds the highest valuation in this group at 85B. The lowest valued company is FENG at 42.1M.
- 4/21/22 5:15 AM: Netflix (NFLX, $226.19) saw a $55.2B market cap decrease this week
The average weekly price growth across all stocks in the group was 3.58%. For the same group, the average monthly price growth was -7.38%, and the average quarterly price growth was -25.09%. FENG experienced the highest price growth at 21.5%, while LPSN experienced the biggest fall at -3.5%.
- 5/19/22 8:24 AM: Phoenix NEW Media (FENG, $0.49) is a top weekly gainer for penny stocks, rising +21.48%
- 5/17/22 6:52 AM: Netflix (NFLX, $186.51) was a top weekly gainer, with a +7.75% jump
- 5/14/22 4:23 AM: Angi (ANGI, $5.1) was a top weekly gainer, with a +24.09% jump. Expect an Uptrend continuation
The average weekly volume growth across all stocks in the group was -1.92%. For the same stocks of the group, the average monthly volume growth was -10.11% and the average quarterly volume growth was 61.71%
- 5/20/22 5:22 AM: The volume for Phoenix NEW Media stock increased for four consecutive days, resulting in a record-breaking daily growth of 230% of the 65-Day Volume Moving Average
- 5/17/22 6:45 AM: The volume for Phoenix NEW Media stock increased for one day, resulting in a record-breaking daily growth of 441% of the 65-Day Volume Moving Average
- 5/13/22 4:49 AM: The volume for MicroStrategy stock increased for one day, resulting in a record-breaking daily growth of 724% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows