As Facebook Gets Above $30 Again- Will It Get Crushed Like Apple Did

By 24/7 Wall Street

Facebook, Inc. (NASDAQ: FB) has crossed back up over $30 for the first time since its disastrous initial public offering robbed billions of dollars from unsuspecting investors. Now there is a serious question to ask: Is Facebook now getting overvalued? We just featured Facebook in our Undervalued & Overvalued Internet Stocks for 2013 and the answer on the surface as of today is that Facebook is getting overvalued again.

The excitement around Facebook is being rekindled after the company has sent out a media invite about what the company is building. What is it?

The problem that keeps coming up in the valuation scheme is that Wall Street analysts are likely to keep changing their opinion and the price targets of the company. After founder Mark Zuckerberg finally came out speaking at a conference in the Fall of 2012, Wall Street, Main Street, and Cyber Street all started to get more comfortable with the Facebook story.

Analysts and investors are backing away from their worries about mobile use cannibalizing online advertising revenue