Facebook Hits New High As Analysts Raise Price Targets

By | July 24, 2014

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Several analysts raised their price targets on Facebook (FB) stock after the social media leader late Wednesday reported Q2 earnings that blew past expectations as mobile ads soared. Facebook stock was up 6.5%, hitting an all-time high above 76, in afternoon trading on the stock market today. “We believe the company is still very early in monetizing its user base,” wrote analyst Michael Graham at Canaccord Genuity in a research note. He raised his Scalper1 News

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