Facebook Worth $35
by Ryan Perlowin
Facebook (FB) is worth $35 per share, and the stock price will reflect that by midyear.
In one of the most talked-about stock stories of the past 20 years, FB has taken us investors on a wild ride during its first nine and a half months of public trading. First it was the outlandish valuation at the time of the IPO. Then it was the Nasdaq computer glitches on the first day of trading, followed by a sizable one-day spike and a precipitous downfall. The shorts were reveling in success on September 4, 2012, when the stock closed at $17.73, a 61% discount to the highs the stock reached just four months before. But bulls took charge and shares rallied handsomely since reaching those lows - after touching highs close to $33 earlier this year, the stock is currently trading at $27.77, a 57% premium to the September lows. Even after the rally, though, FB is still trading at a 27% discount to the IPO price. read more »
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