Facebook Inc. (NASDAQ:FB) is down 5% to $55.94 today, heading for a test of support at the $55 area. This was previously a zone of both support and resistance earlier in the year before shares took off to the life high at $72.59. A break below $55 would be bearish, with next major support at $53.55. Resistance is at $56.95, according to theflyonethwall.com.
Analysts have a consensus price target of $71.68 on Facebook Inc. (NASDAQ:FB) which indicates a 26% upside. The consensus rating of the stock is a BUY with a score of 2.76. There are currently 9 Hold Ratings and 29 Buy ratings on the stock.
The most recent analyst action consisted of Telsey Advisory Group boosting their price target to $82 on March 26th, 2014.
We are also watching Netflix today as April weekly call option implied volatility is at 101, May is at 60, June is at 52; compared to its 26-week average of 44 according to Track Data, suggesting large near term price movement into the expected release of Q1 of April 21.
Analysts have a consensus price target of $359.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 6.42% upside. The consensus rating of the stock is a HOLD with a score of 2.26. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock.
The most recent analyst action consisted of Oppenheimer upgrading the stock from Market Perform to Outperform on April 7th, 2014.
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