Facebook Inc (NASDAQ:FB) is becoming the favorite stock for almost all the famous investors. In a program on CNBC, Andrew Keene said that Facebook Inc (NASDAQ:FB) is a great buying opportunity in the long term. He showed the daily charts which depict the growth of Facebook shares. He thinks that Facebook has a huge growth potential. Facebook Inc (NASDAQ:FB) is investing heavily in mobile, ads and apps. These are the areas which have made Facebook stand out from other social media companies.
Keene said that Facebook Inc (NASDAQ:FB)’s quarterly earnings showed a disappointing revenue, but that must be ignored for now because Facebook Inc (NASDAQ:FB) has astonishing 1.4 billion users year over year. The company experience around 20% mobile growth year over year. Above all, Facebook is the only social media platform which is showing massive signs of growth. It is everywhere: it has mobile app Instagram which is the top choice of the teens and consequently, advertisers ,it is tapping into search to challange Google, it is going to host content exclusively.
Keene showed from the charts that Facebook Inc (NASDAQ:FB) has a steady growth on weekly basis. The stock is expected to touch new highs in September this year. He said that Facebook Inc (NASDAQ:FB)’s weekly charts also show that there is a massive growth brewing in the company.
Keene explained his trade that he will make in September this year. Facebook Inc (NASDAQ:FB)’s price target set by the source is above $90, which is not a surprise since the social media giant is extending its grasp across the board over the web, mobile, Cloud and content.