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Facebook Fundamental analysis

2017-08-15 01:44 pm | Resource: | No Views : 658

Facebook is one of the most important tech stocks, as it went to 170$ from 20$ in almost four years and the Facebook stock still has a strong possibility of further rising.

Facebook profits grew

The stock is skyrocketing above 100 and 200 moving average, as it is trading at 170$ at the moment, as Facebook posted strong second quarter results on 26/7, thanks to the significant rise of the profits of advertising which grew 47% year to year to about 9.16 billion dollar.

Facebook CEO ambitious plans

The growth is likely to last driven not only by the performance of the company, but also by the Facebook CEO Mark Zukberg ambitious plans to make the Facebook even more profitable, as Zukberg wants the company to accelerate efforts to make money off its messaging products .
"We just started putting ads on messenger, I want to see us moving even faster" said by Mark Zukberg.
so, do we expect the Facebook stock to rise ? , answer is yes, as it is supported with strong factors of fundamental analysis which lead to growth, and we expect the stock bounce and to reach 200$ in the next year.


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