Facebook stock forecast and price prediction
Updated on:
Apr 22nd, 2021
2
Facebook forecast brief
- Facebook closed on Wednesday at $301.47 after barely moving a -0.39%.
- From the chart point view, price is drawing a scaled uptrend since last January with higher tops and higher bottoms. This rally marked a 23.25% gain
- Cowen posted a buy rating for Facebook on Wednesday, with a target of $360.00
- Facebook, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide.
Facebook stock price forecast
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.
The following table shows the price predictions posted by analysts for the last 30 days. If you are a small investor you shouldn't invest based on these forecasts.
There are 7 price forecasts released for Facebook that average $360.71. Facebook closed at $301.47 on Wednesday, so the target price is forecasting a growth by 19.65%.
| Brokerage firm | Price target |
|---|---|
| Mar 29th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $355.00 → $385.00 |
| Mar 31st, 2021 | |
| Wolfe Research | Not available |
| Apr 6th, 2021 | |
| Evercore ISI | $370.00 |
| Apr 13th, 2021 | |
| Evercore ISI | $370.00 |
| Apr 14th, 2021 | |
| Wedbush | $375.00 → $340.00 |
| Apr 15th, 2021 | |
| Cowen | $350.00 → $360.00 |
| Apr 20th, 2021 | |
| Wedbush | $375.00 → $340.00 |
| Apr 21st, 2021 | |
| Cowen | $350.00 → $360.00 |
Analysts recommendations
In the last 30 days, 8 analyst ratings were published for Facebook. General sentiment is bullish, with 6 out of 8 posting positive forecasts
| Brokerage firm | Rating |
|---|---|
| Mar 29th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Buy → |
| Mar 31st, 2021 | |
| Wolfe Research | Buy |
| Apr 6th, 2021 | |
| Evercore ISI | Buy |
| Apr 13th, 2021 | |
| Evercore ISI | Buy |
| Apr 14th, 2021 | |
| Wedbush | Buy → Neutral |
| Apr 15th, 2021 | |
| Cowen | Buy |
| Apr 20th, 2021 | |
| Wedbush | Buy → Neutral |
| Apr 21st, 2021 | |
| Cowen | Buy |
Earnings and financials
Facebook, Inc. ($FB) published earnings of $3.88 per share last January, highly beating the analysts consensus estimate of $3.22 per share. This quarterly report represents an earnings surprise of 20.50%. Estimated revenue for Q4 was $26.4 billion but Facebook slightly beat by 6.21%, posting $28.1 billion.
Same quarter last year, reported EPS was $2.56, so recently reported EPS means an increase of 51.56%. Looking at sales, figures skyrocketed a 33.16% compared to $210.8B same quarter last year.Facebook ($FB) is presenting Q1 financial report next Wednesday. Estimated for this quarter is $2.36, compared to $3.88 that was reported for Q4.
Facebook stock: buy or sell?
Is Facebook good stock to buy now?
Facebook received 8 ratings in the last 30 days: 6 bullish, 0 bearish and 2 neutral.Currently, Facebook stock matches one trading strategy:
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't have upper resistances, and usually it rises rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is always important. Facebook can break to all-time highs any time soon, as it only needs to go up a 4.78%. Setup your buy order at $315.88 if you want to trade with this strategy. Place your stop-loss at $284.29
| Buy setup | Buy point | Stop loss | Risk |
| ATH buy setup | $315.88 | $284.29 | 10.00% |
Is it time to sell Facebook stock?
Currently, Facebook stock doesn't match any of our preferred sell setups, so if you own Facebook stock and your operation is in profit probably is not time to sell now
Facebook stock price action predictions
Facebook shares started an uptrend last January, and grew a gorgeous 23.25%. The price shows higher peaks and troughs, and along the way gave very few entry points for those who wanted to enter. Latest low was in early March, when price bounced at $253.50. Now, it moves in a consolidation between its last top ($315.88) and its last bottom ($253.50)
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on April 8, the price has been corrected downwards by 4.56%
Relative strength index
When the moves for so long below 70 and above 30, without signaling moments of overbought and oversold, the indicator gets of little use, and we are now in one of these cases.
Facebook stock price history
Facebook went public priced at an adjusted price1 of $42.05 on May 2012. Since then, FB stock has risen by 616.93%, with an average of 77.12% per year. An investment of $1,000USD at that time would be valued $7,169.32 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Important:
The thoughts expressed in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the individual scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for education motives onlyFacebook summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $301.95 |
| Close | $301.47 |
| Day range | $297.39 - $301.98 |
| Previous close | $302.65 |
| Session gain | -0.39% |
| Average true range | $8.79 |
| 50d mov avg | $281.54 |
| 100d mov avg | $276.10 |
| 200d mov avg | $270.14 |
| Earnings date | April 28th, 2021 |