Social media analyst Vincenzo Cosenza suggests that Facebook Inc. (NASDAQ:FB) still has a room to grow as is getting more popular. Cosenza publishes a World Map of Social Networks after every six months. Cosenza analyzes 137 countries, of which Facebook (FB) is the most popular social network in 127. The biggest networking company, in its relentless march to worldwide lead, added Armenia, Kyrgyzstan, Latvia and Vietnam since June, according to date that Cosenza crunched.
It still has to conquer in Russia and the former Soviet Union, China and Iran, each of which has its own more popular social network. V Kontakte and Odnoklassniki have a clear victory in Russia, QZone leads China and Cloob is the ruling social network in Iran. You may find it interesting to note that only these four social networking competitors are left to be beaten by FB on Cosenza’s map of global dominance.
Cosenza said Facebook (FB) has been making a strong growth with a high contribution from Asia. It has 278 million users in Asia, beating Europe and its 251 million users as the biggest continent for the company. The company has 243 million users in North America, 142 million in South America, 52 million in Africa and 15 million in Oceania.
How the FB stock is trending now?
Shares of Facebook traded up5.19% during last tradingsession, closing at $28.00. The share price of FBtraded yesterday in a range of $27.42 to $28.18. The company now has a market value of $60.66 billion.
Are you optimistic or bullish on the near-term price outlook?
The stock, after recent close,is 15.82% up their SMA 50 and 37.78% off the 52-week high. Theworst hit in its 52 week range is $17.55 per share, with $45.00 as its 52 week best price that compares with a latest closing price of $28.00. Its latest closing price has a distance of +3.20% from SMA20 and is 13.48% up than SMA200.
Watch the stock’s performance in different time span.
With recent gain, FB extended three-month performance to +29.27% and six-month performance to -9.97%.If we take a look on its volatility, 2.93% was seen in a week and for the month it was 3.51%.
What does equity analysts say?
For the stock, mean recommendation this week is 1.9. Sharing price target summary; nearly 25 brokerages have a mean PT as $32.20 and median PT of $32.00 while the highest price target set by those rating agencies was $38.00 and lowest PT was $24.00.