Why Facebook’s Oversold Shares Can Rise 30%

Facebook Inc. (FB) has fallen out of favor with many investors in recent months as the shares fell more than 25% from their record high back in July. But Facebook has the potential to rise sharply even as analysts slash their price targets. Argus Research’s Joseph Bonner, for one, thinks the sell-off has been overdone and sees it as an attractive buying opportunity. Bonner's $210 target for Facebook was lowered from $237 previously, but it still amounts to a 33% gain in the stock, according to Barron’s. Bonner's forecast is in line with the average price target for the social media giant.

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Spotlight

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