Facebook (FB) stock may triple in 2 years!

If you held onto the stock through its tumultuous first year you would have made over 200% gains from 2012 to 2016. Facebook stock has went from $38 US dollars to $114 USD in that time period. In 2016, year to date, the stock is up 9%, a pretty good return considering half the year is left.

In the fourth quarter, Facebook saw sales grow 44% year over year. This continued on with the first quarter of this year seeing sales grow 52% year over year and net income tripling to $1.5 billion USD. These are very impressive numbers and even more impressive that WhatsApp with 900 million users is still not being monetized. Furthermore, instagram made over $1 billion USD last year in sales and its user base is still growing at a healthy clip. The next developments in Facebook will be its advertising network competing with Google Adsense and potentially being a lot more targetted to users. Furthermore the use of Chatbots on Facebook for ordering pizza to groceries will be huge. These developments as well as continued growth could spell great things for its stock price.