Dallas, Texas 03/07/2014 (FINANCIALSTRENDS) – Facebook Inc (NASDAQ:FB) Price Target was raised by Stifel analyst Jordan Rohan by 10% from $72 to $ 82$. This was mainly due to the proven capability of Facebook to act as effective strategic communications platform for reaching out to the consumers. The Marketers view this as a potential opportunity to establish and reinforce relationships with consumers and expand their network. Rohan also pointed out Facebook’s $19 billion acquisition of WhatsApp is still puzzling. However, the company’s is doing well in their core business and have gained investors confidence to decide on the risks. After the announcement, Facebook shares saw an increase by 4%.
Facebook Identified as Momo Momentum Candidate by Trade-Ideas LLC
Real-time risk management analytics provider Trade-Ideas LLC identified Facebook as a momo momentum candidate. Face book with $4.6 billion average dollar-volume, Price Earning Ratio of 112.3 and also in the upper range of over 25% since a year, reaching maximum of 35% during last 5 days were the driving factors for tagging FB stocks as momo momentum candidate.
Facebook Inc (NASDAQ:FB) Announces Restrictions on Gun Sale Promotions
Facebook announced new rules for promoting guns sales through it site in order to prevent criminal activity. This announcement comes after some groups posted a video related to illegal sales in Facebook. As per the new policy, the company will remove all the promotions related to sell guns without background checks or with any law violations. The company will now restrict the posts related to Gun promotions only for users 18 and above. It will also notify the sellers about relevant laws pertaining to gun sales. The law details will also be prompted when user searches for guns. The company is also in talks with New York Attorney General seeking details on the latest gun polices. The company’s share rose to all time high of $71.97 once the new regulations were announced.