rtmark
LearnBonds.com

Facebook Stock Price: Analysts Expect More Than 30% Growth in 2020

Facebook stock price

Facebook (NASDAQ: FB) stock price gained close to 60% in the last twelve months amid trader’s confidence in its user growth and substantial revenue growth from ads. The market analysts are seeing further strength in ads in fiscal 2020, which could help its share price in gaining further upside momentum.

The robust financial performance in the third quarter and a strong outlook for the fourth quarter is adding to investor’s sentiments. Its shares breached $200 mark in 2019 while analysts expect shares to cross $300 level in 2020.

FB Facebook, Inc. daily Stock Chart

Analysts See More Than 30% Upside for Facebook Stock Price in 2020

Aegis Capital lifted the price target to $300 from $235 with a Buy rating. Its analyst Victor Anthony claims that the company will easily tackle regulatory and antitrust headwinds in 2020.

The analyst said, “FB’s continued strong user growth, continued share gains of global advertising, and progress on monetizing Messenger and WhatsApp.” Moreover, Victor Anthony expects stronger than expected performance in the final quarter of 2019.

In addition, Deutsche Bank provided a stock price target of $270, citing a strong year for ad spending in 2020. Its analyst is showing confidence in the eCommerce opportunity on Instagram.

Analyst Lloyd Walmsley said, “The strength to “extensive product work,” including newsfeed improvements, added video content and scaling Marketplace bodes well for future growth.”

On the other hand, BofA anticipates Facebook to outperform Alphabet in ads growth. The firm expects significant revenue growth for FB in fiscal 2020.

Previous Financial Numbers Indicates Uptrend

The company generated year over year revenue growth of 29% in the latest quarter, thanks to mobile advertising – which grew to 94% from a year ago 92%. The company has also been actively converting revenue growth into big profits. Its operating income rose 24% year over year in the latest quarter. The company plans to accelerate the revenue and earnings growth trend in fiscal 2020. Therefore, the Facebook stock price is poised to hit $300 in 2020.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Based in Saudi Arabia, Siraj has a strong understanding of and passion for accounting and finance. He has worked for international clients for many years on several projects related to the stock market, equity research and other business, accounting and finance related projects. Siraj is a published financial analyst on the world's leading websites including SeekingAlpha, TheStreet, MSN, and others.