Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Facebook Inc. (FB): A $100 Stock Despite Downgrade?

Facebook Inc. (NASDAQ:FB) has been taking huge hits to its stock price in the short-term, but now that CEO Mark Zuckerberg stepped forward and admitted mistakes and urged patience and confidence in his company and its stock, there are some who see not only a rebound from the stock but also a bounce that would move Facebook’s stock up 500 percent from its current price level in the next 24 months.

Facebook Inc (FB), JetBlue Airways Corporation (JBLU)

While many investors may have breathed a sigh of relief from hearing directly from Zuckerberg, Facebook Inc. (NASDAQ:FB) is still facing some short-term issues from analysts. One group announced that it was dropping its price target by 38 percent to $25 per share, as Needham made that declaration, noting that skeptics have been playing significant short plays recently, which make up about 7 percent of the company’s float.

However, after Zuckerberg modestly but optimistically handled a Q-and-A session at the TechCrunch Disrupt conference in San Francisco Tuesday afternoon, the long-term outlook for Facebook Inc. (NASDAQ:FB) seemed more positive in the aftermath of Zuck’s comments – where he admitted being a couple years late to mobile and told investors to give Facebook some time while it catches up to the mobile digital world – as there is one analysis that considers the potential of Facebook Inc. (NASDAQ:FB) as potentially a $100 stock by 2014.

Why? Simply because Facebook Inc. (NASDAQ:FB) has the user base of nearly 1 billion. It’s not that it’s trying to build a user base from scratch while moving to mobile; with the user base already existent, Zuckerberg said he has a group working to catch up on mobile plus another team working on search, which he says has the potential to be a huge opportunity.

In general, Zuck’s comments about Facebook Inc. (NASDAQ:FB) have been taken as encouraging by investors and observers, and have led to a quick bounce in the stock. The comments also seem to be encouraging some investors to take a long position in the stock. This may make recent investors like George Soros of Soros Fund Management look like they’re getting in at the right time.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.