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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Tuesday, March 03, 2015

Why Facebook's Stock is Breaking Out

After trading range-bound for half a year, Facebook (Nasdaq: FB) shares have found new footing. I see a few good reasons for the start of this latest move. The company is importantly benefiting from fresh news about its operational progress and its valuation, which is serving as a reminder of the special opportunity the shares offer investors. The stock is also positioned to exaggerate the performance of a market now free of previous reasons for concern. And within-sector capital flows from value to growth names could be occurring now as well, which serves Facebook. As a result, Facebook shareholders should let go of any frustrations with the stock’s previous stall and take their fingers off the sell-trigger, because the stock should now begin to fulfill its promise again. I see this breakout driving to $85 without much difficulty, and to $90 as analysts raise their 12-month price targets thereafter. For the year, I see at least 32% upside appreciation potential for Facebook holders, and it appears the stock has started its move toward that goal. See my full report on Facebook (FB) here.

DISCLOSURE: Kaminis is long FB. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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