Joseph Grinkorn, Wall Street investment expert and the Morris Group CEO remains very optimistic and bullish on the company’s stock, despite the recent news reported on Facebook’s investigation by the US tax authorities.
New York, August 14, 2016 – Joseph Grinkorn, Wall Street investment expert and the Morris Group CEO remains very optimistic and bullish on the company’s stock, despite the recent news reported on Facebook’s investigation by the US tax authorities.
Grinkorn estimates that Facebook has an upside potential of about 45% compared to its current price. Grinkorn explains that Facebook has changed a lot since founded. Already at the outset, it seemed like a company with a large promise for investors, and as of today, Facebook dominates some companies in parallel that are expected to increase the number of large users and translate it into a big increase in revenues.
The Wall-Street expert further forecasts that Facebook will end up with a smaller fine than everyone thinks. The reason for this is that the investigation is relating back to 2010 when the company moved its operations to Ireland. Facebook could receive a fine by the company’s revenues during the same period when the company had a much lower income. In the worst case scenario, Facebook will pay a penalty of up to $2 billion; the company has today approximately $24 billion in cash; that is a small fine even in the worst case scenario.
Grinkorn explained that at the moment, he believes Facebook has a tremendous upside potential of 45% to the target price of 175$ per share, which it will reach at the end of 2017. The company’s value according to these numbers will come close to $450 billion.
Mark Zuckerberg is the reason for the phenomenal success of Facebook, who is considered by some possibly to be the next Steve Jobs. To date, every company that he has purchased has become a huge success. When Zuckerberg bought Instagram for a billion dollars, he raised some eyebrows and a lot of criticism – Today the company is worth $50 billion with 500 million users.
Another company acquired by Facebook and is expected to generate significant revenues and a big increase in value in the near future is Whatsapp that purchased for $20 billion, the app today, a year and a half after later has a value of over $30 billion thanks to a billion users worldwide and the potential for massive growth in the coming years. Facebook’s Messenger app has been responsible for a significant portion of the world’s digital conversations with about 900 million users and even their investment in Oculus – A virtual reality company has an increase in value and will be the next big thing in technology.
Also, Grinkorn has not ruled out the possibility of future IPO spinoffs for Facebook’s assets such as integral which will yield a higher evaluation and a significant return for investors. He said the companies that were acquired by Facebook are currently private but will not remain that way shortly. As we have seen recently with Alibaba and there talks to IPO Alipay to the public markets in 2016. Facebook companies all have great potential for growth, profits and IPO success.
The Morris Group Companies specialises in equity investments in private and public social media and technology companies, high return real estate investments and commercial / residential financing.
More information can be found at www.Morris-Group.co