Today Facebook Inc. began shipping their Oculus VR headsets. The company is selling VR sets for $599 through www.oculus.com. If you want to read a little bit about the technology there is a interesting tech blog post highlighting some of the development challenges. If you are wondering I will not be purchasing a set. Although I think it would be very cool to try. The goal is to create an ecosystem where all things FB can be integrated into your gaming world.
Evercore also released a price target hike today. The shares were given a $150 price target that would imply a value of around $430 billion. While I'm a skeptic by nature that price seems a little high despite how badly I want shares to get there for obvious reasons. Either way the analyst cited strength in the Facebook's Messenger App and WhatsApp. I agree that there is a lot of strength to be found within these two products. Although I think monetizing these apps is another 1-2 years away as the company in the past year abolished the $1/yr WhatsApp renewal fee.
I'm going to remain patient until the shares are more reasonably valued. I might be waiting awhile, but one thing I have learned is that it is never good to chase a stock after an impressive run. You never know where the top might be.
We are here for the long haul so it only makes sense our investments are too.
Subscribe to:
Post Comments
(
Atom
)
No comments :
Post a Comment