Social media giant Facebook (FB) is another stock I have fallen in love with over the years. I acquired stock while shares were showing weakness immediately after the company went public in 2012 with an average price of $30.87 per share. Over the last several years, the stock has appreciated in value to $183.33, for a 495% gain. Facebook has come under pressure in recent months over its recent data scandal, but the stock quickly rebounded as Wall Street realized the sell off was premature, and the company still offered one of the best online advertising options versus Google (GOOGL). Facebook appears to be working to do a better job protecting its users’ data, and with earnings forecast to rise by 26.4% a year for the next five years, I will continue to hold my position and expect a lot more upside moving forward. FB trades at $183.33 with an average price target of $217.61.
Disclaimer: As of the time of writing, the author holds a long position in this stock.
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