FaceBook stock is on sale as they are due for a quick recovery
FaceBook(FB) currently trades at $156.74 and has fallen by 7% in the past 24 hours. FaceBook has both benefitted from the COVID-19 outbreak and has suffered. Daily calls on WhatsApp and Messenger have doubled, reaching levels normally seen only on New Year’s Eve. On the bad side of things, a large chunk of advertisers who brought in $70.7 billion in sales for Facebook last year are small businesses most at risk during the expected COVID-19 economic slowdown.
Based on this information, investorsQ rates this stock a 7 out of 10. We give it this rating because FaceBook will continue to grow as the pandemic fears simmer down, plus, the discounted price makes investors wanting more shares than ever. The high forecast for FaceBook is $300 and the low is $170. Notably, the company’s market cap is $446.92 billion with a 52 week high of $224.20 and a 52 week low of $137.10.