Beyond the Social Network: Facebook Wants to Disrupt These 3 Industries
Facebook's (NASDAQ: FB) core business is thriving, with strong engagement for the company's namesake social network and its Instagram subsidiary driving impressive top- and bottom-line growth. Here's a look at how the momentum from the company's social networks translated to earnings performance last quarter:
Data source: Facebook.
With Facebook having since passed 2 billion monthly active users and management indicating that ad placement on the social network is near a saturation point, growth could be more difficult to deliver going forward, but the company is hardly resting on its laurels. The leader in social networking is working on initiatives that have the potential to create huge benefits for its core products and open up new business avenues down the line.
Source: Fool.com
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As a result the target price of 53 € shows a slightly positive potential of 18.09% compared to the current price of 44.88 € for Cisco Systems Inc..
