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Facebook Shares Could Reach $200 in a Year: Barron's

Barron's said Facebook's spending will rise in order to build more potentially lucrative advertising into its video, Instagram and Messenger platforms.

Reuters

Updated:July 31, 2017, 10:53 AM IST
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Facebook Shares Could Reach $200 in a Year: Barron's
Facebook shares could reach $200 in a year: Barron's (photo for representation, image: Reuters Pictures)
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Facebook shares could rise 16 percent to $200 within a year, the newspaper Barron's said in its July 31 edition, as the social media company's profits ramp up and it expands its reach in video advertising. Barron's said Facebook's spending will rise in order to build more potentially lucrative advertising into its video, Instagram and Messenger platforms.

Revenue growth will slow and the company will face anti-trust concerns as well as stiff competition, but its earnings per share are still expected to more than double over the next five years, according to the newspaper. Facebook shares closed at $172.45 on Friday, up nearly 50 percent this year.

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(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
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