Why Facebook Stock Jumped Today
Shares of Facebook (NASDAQ: FB) climbed 4.3% on Monday, following bullish analyst remarks.
Deutsche Bank analyst Lloyd Walmsley reiterated his buy rating on Facebook's stock and boosted his price forecast from $305 to $325. His new target represents potential gains for investors of roughly 18% from Monday's closing price of $275.75.
Analysts say a recovery in the digital ad market could drive Facebook's stock to new highs. Image source: Getty Images.
Source Fool.com
