Why Facebook Stock Jumped on Friday
Shares of social networking company Facebook (NASDAQ: FB) popped on Friday. The stock was up more than 4% as of 10:20 a.m. EDT.
The growth stock's gain was likely driven both by better-than-expected results from social media peer Snap (NYSE: SNAP) and an upgraded 12-month price target for Facebook shares.
Facebook CEO Mark Zuckerberg. Image source: Facebook.
Source Fool.com
