Why Facebook, Inc. Stock Popped 15% in July
Shares of Facebook Inc.(NASDAQ: FB) climbed 12.1% in the month of July, according to data provided by S&P Global Market Intelligence, after the social media giant announced strong second-quarter 2017 results.
More specifically, Facebook's revenue climbed an incredible 45% year over year to $9.3 billion, 98% of which came from its advertising business. On the bottom line, net income rose 71% to $3.9 billion, and net income per share increased 69% to $1.32. Analysts, on average, were only expecting Facebook to deliver earnings of $1.12 per share.
IMAGE SOURCE: FACEBOOK.
Source: Fool.com
Meta Platforms Inc. Stock
€428.00
-0.720%
With 12 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 16.82% for Meta Platforms Inc. compared to the current price of 428.0 €.
