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Facebook: Top Manager Sees More Upside

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by , 02-05-2019 at 05:46 PM (24 Views)
          
   
Facebook (FB) was off to a good start in 2019 even before it reported Q4 earnings last week and then jumped over 10% after beating expectations on revenues, earnings and monthly active users. Tony Mitchell, one of my managers, first bought Facebook at $16. At today's price of $169, Tony is still not selling because he sees more upside.

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Although Facebook is now up 22% year to date, it is still 24% off of its 52-week high of $218.62.

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