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Here's Why Facebook (FB) Is A Zacks Rank #1 Stock Right Now

Facebook Inc. FB operates the world’s biggest social network with over 1.3 billion users around the globe. The company has singlehandedly revolutionized the way that humans interact with each other, and it has also turned in to an incredibly large advertising platform. As users post, share, and socialize, Facebook targets them with specific ads based on their preferences. It is these targeted ads that generate Facebook’s billions in revenue.

Facebook was just added to the Zacks Rank #1 (Strong Buy) list today.

Beyond its traditional advertising revenue, Facebook has been expanding the way it cashes in on its existing users. In recent months, it has expanded its shopping and ecommerce options. For example, Facebook users will soon be able to buy tickets from LiveNation’s (LYV) Ticketmaster via the social media site.

Currently, Facebook’s fundamental metrics indicate that the stock has even more room to grow. In the past 60 days, we have seen one positive estimate revision for the company’s current quarter and annual earnings.

Furthermore, the company currently has an “A” grade for both Growth and Momentum in our Style Scores system. Facebook’s earnings are expected to grow by over 60% this year on sales growth of 42% and cash flow growth of 28%. Over the past 12 weeks, the stock has gained over 15%, while its industry peers have remained flat on average.

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Facebook has been a big winner for some time now. Currently, the company seems to have the perfect combination of growth and momentum potential to make investors very happy.

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FACEBOOK INC-A (FB): Free Stock Analysis Report
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