Facebook Is The Ultimate Growth Stock, Says Jason Rotman Of Lido Advisors

Jason Rotman of Lido Advisors believes Facbeook Inc (NASDAQ: FB) is the "ultimate growth stock" and told Fox Business why.

Rotman is expecting shares of Facebook to climb to $200 per share within the next 24 months – a price target that may "seem outlandish to some," but in reality it is not a "big deal."

"Facebook is utterly dominating this new mobile, digital economy like no other company in the world," the analyst explained.

He added that Facebook's portfolio of social media platforms includes three of the most heavily used mobile applications in existence: Facebook-core, Instagram and Messenger. These properties are a "gold mine" for the company at a time when advertisers are rushing to advertise on mobile platforms.

"Where else are mobile advertisers going to get the return on capital on mobile phones," Rotman asked. "Only Facebook."

Rotman continued that Facebook is positioning itself to become the "real conglomerate of this mobile economy" by expanding into mobile chat platforms. Moreover, the company's CEO Mark Zuckerberg is a "smart guy" and it would be a mistake to "short" his business strategy.

"The key word is this," Rotman said. "They are diversified. They are far from a one-trick pony at this point. They have evolved by leaps and bounds to say the least."

Bottom line, Facebook is a "company that knows how to make money unlike other companies."