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.
Suggested Reading: Largest Bankruptcies
