Facebook (FB) Unveils Digital Currency Libra; What’s Next?

 

Facebook Inc. (FB) has unveiled plans to release its own cryptocurrency called Libra. The new currency could be released as early as next year. Libra will be a stablecoin cryptocurrency, which is backed by government currencies and securities in order to avoid extreme fluctuations in price.

FB stock is lower by -3.22% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. Stock Score Report, InvestorsObserver’s proprietary scoring system, gives FB stock a score of 77 out of a possible 100.

That score is primarily influenced by a fundamental score of 84. In addition to the average rating from Wall Street analysts, FB stock has a mean target price of $213.80. This means analysts expect the stock to add 11.40% over the next 12 months. FB’s score also includes a short-term technical score of 80. The long-term technical score for FB is 66.

Click Here to get the full Stock Score Report on Facebook, Inc. (FB).

What’s Happening with FB Stock Today

Facebook, Inc. (FB) stock is up 1.54% while the S&P 500 has gained 1.14% as of 10:30 AM on Tuesday, Jun 18. FB has gained $2.91 from the previous closing price of $189.01 on volume of 13,038,008 shares. Over the past year the S&P 500 has risen 5.36% while FB is lower by -3.22%. FB earned $6.73 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.51.

Symbols: FB

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