Broker JMP Securities said on Wednesday that it has conducted the first rating on Facebook (FB), giving the company a rating of market outperform, and the target price of $37 per share, which is $1 lower than the Facebook IPO price. After the Facebook IPO, Facebook stock price has dropped sharply continuously. As of 11:09 on Wednesday, Facebook stock price has moved up 1.59%, to report at $26.32 per share. A JMP analyst said in a statement valuation on Facebook may seem somewhat high, but investors should see a huge user base of Facebook which makes it have plenty of opportunities to make money.