If you can't get on Facebook/Instagram, it is apparently down

Technical Analysis

Author: Greg Michalowski | fb

Speaking of FB, Credit Suisse raises target.

Facebook and Instragram is reported to be down for many users. So if you are trying to see what is going on with your "Friends", you might have to wait a bit.

Although the social media website might be down, the projections for the stock are up.  

Credit Suisse today has upped it's target for the stock to $235. It is currently trading at $172.32.  That is off the highs at $175.49. The 52 week low reached $113.55.

CS also raised it's forecast for Amazon to $1350 from the current $991.

So your FB page may be down, but the expectations for FB stock (and AMZN) is up, up, and away.