Markets
In a report released yesterday, Jason Helfstein from Oppenheimer maintained a Buy rating on Facebook (FB – Research Report), with a price target of $375.00. The company’s shares closed last Wednesday at $307.10, close to its 52-week high of $315.88.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 45.0% and a 73.1% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Opendoor Technologies, and Zillow Group Class C.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Facebook with a $355.27 average price target, a 15.6% upside from current levels. In a report issued on April 15, Cowen & Co. also maintained a Buy rating on the stock with a $360.00 price target.
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ESG-Backing Institutions’ Fave Allocation: Investment Grade Bonds
They’re the top asset in those sustainable portfolios, with 81% opting for them, survey says.
What do institutions devoted to sustainable investing prefer for their portfolios? Investment grade bonds.
Turns out that, in a survey of 80 midsized institutions, investment grade fixed income was used by 81% of environmental, social, and governance (ESG) adherents. Of course, they allocate capital to other asset classes, as well, but to a lesser degree. Those that use domestic equities amount to 73%, followed by non-domestic stocks at 69%.
For ESG-oriented institutions’ bond holdings, 72% were investment grade, which argues that the asset allocators don’t want to stray too far out on the risk curve. That allocation amounts to almost a quarter of total assets under management.
Facebook Turns 17, Celebrates It With a Custom Animation About Friendship
Facebook at 17 has over 2.5 billion users worldwide. By Gadgets 360 Staff | Updated: 4 February 2021 20:21 IST
Facebook started 17 years ago as a college social network at Harvard by Mark Zuckerberg
Highlights
The social media network now has over 2.5 billion monthly active users
Its platforms include Messenger, Instagram, and WhatsApp
Facebook turns 17 today, February 4, and is celebrating its annual milestone “Friends Day” with a custom animation wordmark that speaks of friendship and inclusion. The animation shows a woman wearing a headscarf and a young boy connecting via Facebook and exchanging messages, loaded with friendly emoji, to show the length and breadth of the social media company s success in the last 17 years. The giant that Facebook is today started as a college network for Harvard University students in 2004 by a 19-year-old Mark Zuckerberg, along wi