By Kin Talk on Sunday, September 22, 2013 with 0 comments
Facebook hit a new record high of $47.49 at Friday's close. This has prompted analysts to upgrade the stock to "outperform" from "market perform". The new price target for FB is at $54ish as investors have recognized the social network's immense value. FB stock is now up over a 100% over the last 12 months.
There is a lot of optimism among traders and investors with 24 "strong buy" and 2 "buy" ratings as opposed to zero "sell" ratings.