Facebook FB shares are still off about 15 percent from the company's IPO pricing back in May 2012.
But shares have been rallying in recent months after hitting a low near $17. Facebook continued to climb on Monday, moving above $32 per share, after several analysts stressed their bullish outlooks.
Market News and Data brought to you by Benzinga APIs- Raymond James upgraded Facebook to Outperform from Market Perform with a $38 price target.
- Bank of America maintained its Buy rating and $35 price target.
- JPMorgan reiterated its Overweight rating and $35 price target.
- Sterne Agee reiterated its Buy rating and $37 price target.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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