Monday, May 1, 2017

Facebook hits an all-time high (FB)

Facebook hits an all-time high (FB)
By Greg Hoffman

Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, U.S., April 18, 2017. REUTERS/Stephen LamThomson Reuters

Shares of Facebook are at an all-time high on Monday, up 1.05% at $151.83 as of 10 a.m. ET.

The social media giant is set to release its first quarter earnings on Wednesday, May 3. According to Bloomberg, analysts expect Facebook to earn an adjusted $1.12 per share on revenue of $7.83 billion.

Facebook has beaten earnings estimates almost every quarter that it has been publicly traded.

Shares of Facebook have been on a huge run so far this year, up 32%. 

According to Bloomberg, of the 48 analysts who cover the stock, 43 have a "Buy" rating, four have a "Hold" rating, and one has a "Sell" rating. The average analyst price target is $163.30.

Click here for a real-time Facebook chart. 

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May 1, 2017 at 10:38AM
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