Facebook stock is a smoking hot buy right now IMO and here is why.

Facebook Inc issued its quarterly earnings results on January 31, 2018. The company reported EPS of $2.20 for the quarter versus the 1.96 estimate. Revenue also beat coming in at $12.97 billion during the quarter, versus the $12.58 billion estimate. Revenue has grown by 47% year-over-year.

Measured over the past 5 years, Facebook shows a very strong growth in revenue. Revenue has been growing by 51.53% on average per year.

Facebook Stock

Facebook stock is down 20 percent and looks like it is a good long entry with a positive divergence between large players volume and price.

Prices have been consolidating lately. The huge divergence between large players volume and price is almost sinister. It suggests that while institutional trading firm’s analysts are talking down Facebook stock, they are also increasing purchases at the same time. Some large players are in the market buying Facebook stock with both hands and I think we should be too.

I give Facebook stock a buy rating. My price target is $243 which represents 52% upside from the current price. Analysts agree with my buy rating. Overall there is 1 sell rating, 2 hold ratings, 39 buy ratings, and 1 strong buy rating on Facebook stock. The average price target is $213.88 which represents 37.6% upside from the current price.

Here is a video about Facebook stock that I text’d out to Premium members on the night of April 2, 2018. The video has been made public. To avoid any confusion, please note I said Tuesday, March 6, 2018, in the video but should have said Tuesday, April 3, 2018.

Disclosure: I am long Facebook stock.

Facebook In the News

[financial_news symbol=”FB” source=”yahoo,seekingalpha” template=”basic” items=”10″]