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.

Jim Cramer: Facebook Inc (FB) To Go Up Substantially; Twitter Inc (TWTR) A ‘Buy’ @ $60

Since the mid of March both Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR) has done exceptionally well. Facebook Inc (NASDAQ:FB) stock has crossed the $80 mark and is consistently trading above that mark since then. Since the introduction of live streaming app ‘Periscope’ Twitter Inc (NYSE:TWTR) stock went up by around 2% and is currently hovering around the $50 mark. Jim Cramer talked on ‘TheStreet’ about both these social media stocks and shared his outlook for them.


Cramer said that he is excited about the potential of Whatsapp for Facebook Inc (NASDAQ:FB). Many people criticized the shear value of the Whatsapp acquisition by Facebook Inc (NASDAQ:FB), which was around $22 billion.  Cramer feels that Whatsapp would be worth double than what Facebook Inc (NASDAQ:FB) paid for it, when Whatsapp goes public. He pointed out that Facebook Inc (NASDAQ:FB) is integrating the Whatsapp pretty fast and he feels that Facebook Inc (NASDAQ:FB) stock will be going further up.

“I am starting to think that Whatsapp, if it came public would be worth double of what Facebook paid for it and they are really integrating it rather quickly. I think Facebook goes substantially higher,” Cramer said about Facebook Inc (NASDAQ:FB) stock.

Cramer talked about Twitter Inc (NYSE:TWTR) and he said that Periscope is huge addition to Twitter Inc (NYSE:TWTR)’s platform. He feels that Periscope is going to be great for Twitter Inc (NYSE:TWTR) and he said that he would rate Twitter Inc (NYSE:TWTR) stock at ‘Buy’ with a target of $60.

“I think Periscope is huge. […] 20 people tweeted me [..] about why don’t I talk more about Periscope. I am talking more about Periscope. It’s really good. I think Twitter is buy to $60,” Cramer said about Twitter Inc (NYSE:TWTR) stock.

 Both the social media giants, Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR) are doing really well at the moment. What might it mean for the competition between the two? Periscope addition is huge for Twitter Inc (NYSE:TWTR) in their race to summit of the social media market. But they still lag behind Facebook Inc (NASDAQ:FB).

As Cramer said, Facebook Inc (NASDAQ:FB) stock could go further up, but can it breach the $100 mark? Cramer has set the price target of $60 for Twitter Inc (NYSE:TWTR). Can Periscope propel it to the $60 mark?

Disclosure: None

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

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.