Facebook Q4 Sends Stock To All-Time High As Analysts Boost Targets

By | January 30, 2014

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Facebook (FB) stock gapped up more than 15% on Thursday to an all-time high, buoyed by a slew of analyst price-target increases after the social network trounced Wall Street’s Q4 forecasts, sparked by mobile ad growth. “In our view, Facebook continues to execute well on a significant growth opportunity as the secular shift from offline to online advertising is accelerating,” wrote Baird Equity Research analyst Colin Sebastian, who boosted his Scalper1 News

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