Shares of Facebook Inc (NASDAQ:FB), inclined 4.75% to $108.92.
The firm opened its current trade at $108.80, and as of now, it is trading at $109.12. The total volume traded for the day is 45.54M shares, as compared to its average daily volume of 27.95M shares. The stock is floating in a range of $107.95 - $110.65. The stocks hold the market capitalization of $292.61B.
The mean estimate for the short-term price target for the firm stands at $112.73, according to 45 brokers. The higher price target for FB is $146.00, while the lower price target is $68.00.
Analysts mean recommendation for the stock is 1.70. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. According to WSJ report, Facebook Inc. is now part of an exclusive group: The $300 billion market-cap club. Facebook is set to finish the session with a market value above $300 billion for the first time ever. If share gains hold, the social network would join six other heavyweights with market values surpassing $300 billion. They comprise Apple Inc., Alphabet Inc. (formerly Google), Microsoft Corp., Exxon Mobil Corp., Berkshire Hathaway Inc. and Amazon.com Inc. In addition to hitting a market value in excess of $300 billion, Facebook shares are trading at a record Thursday after two dozen analysts upped their price targets on the social media site’s shares Facebook’s earnings. Amazon beat out Facebook to the $300 billion market-cap club earlier this week. Its stock has jumped 16% in the past two weeks after the Seattle retailer earned a surprise profit in the third quarter, assisted by its fast-growing cloud business. Apple, the world’s most valuable company, has a market cap of $680 billion, according to FactSet’s latest data. Alphabet, the second most valuable firm in the S&P 500, has a market cap that tops $500 billion, according to the data provider. Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
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