Louis Navellier’s #1 Stock for 2021

On January 19 at 4 p.m. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation.

Tue, January 19 at 4:00PM ET
 
 
 
 

FB Stock – Facebook Shares Hit Record High

Facebook’s (FB) mobile app has been a key aspect of the company’s revenue stream that has helped FB stock reach a new high.

fb stockThe social network’s shares rose less than 1% yesterday and closed at a record high of $58.23 at a market capitalization of $147.9 billion. FB stock more than doubled last year, reaching a closing price of $57.96 on Dec. 24 that was a record high before yesterday’s numbers.

Facebook’s success can be attributed in part to CEO Mark Zuckerberg’s desire to focus on the company’s mobile app and gaining mobile users. Deutsche Bank AG (DB) analyst Ross Sandler said that the company has expanded promotions in its mobile app in the U.S. and abroad.

Sandler has a buy rating on FB stock and he says that it wouldn’t be a surprise if ad revenue growth reaccelerated. Analysts project that Facebook’s fourth-quarter earnings — which they will report on Jan. 29 — will be about $2.34 billion.

FB stock is down 0.4% in early trading Thursday.


Article printed from InvestorPlace Media, https://investorplace.com/2014/01/fb-stock-facebook-2/.

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