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The Facebook stock price today is up 0.32% pre-market to $84.43. Facebook Inc. (Nasdaq: FB) stock hit an all-time high yesterday, March 23. FB climbed 0.81%, or $0.68, to close at $84.48, while the three major benchmarks closed in the red.
FB shares are up 8.28% year to date. Last week the Facebook stock price had its biggest weekly gain in eight months.
The rise propelled FB's market cap to $231.6 billion, up $16.1 billion, according to FactSet. Monday's gains boosted that to $236 billion. That's past blue-chip behemoth JP Morgan Chase & Co.'s (NYSE: JPM) $228 billion and near General Electric Co. (NYSE: GE) at $256 billion.
|No.||Company||Ticker||Market Cap||Share Price|
|4||Berkshire Hathaway Inc.||BRK-A||358.58B||218646.33|
|5||Exxon Mobil Corporation||XOM||358.35B||85.43|
|7||Berskshire Hathaway Inc.||BRK-B||339.93B||145.56|
|8||PetroChina Co. Ltd.||PTR||322.09B||106.93|
|9||Wells Fargo & Company||WFC||287.02B||55.78|
|10||Johnson & Johnson||JNJ||286.34B||102.98|
|12||Wal-Mart Stores Inc.||WMT||268.52B||83.31|
|13||China Mobile Limited||CHL||260.81B||64.03|
|14||General Electric Company||GE||256.42B||25.47|
|15||Toyota Motor Corporation||TM||247.11B||145.32|
|17||The Procter & Gamble Company||PG||229.17B||84.86|
|18||JPMorgan Chase & Co.||JPM||227.95B||61.14|
|20||Alibaba Group Holding Limited||BABA||209.56B||84.25|
Facebook is recognized as helping the Nasdaq pierce the 5,000 mark on March 2 after 15 long years. That's particularly impressive since FB shares were floundering in the months after its initial public offering fiasco on May 18, 2012.
So what's pushing the Facebook stock price today? There are a couple things…
Facebook Stock Price Today Gets Support from These Catalysts
FB Stock Price Catalyst No. 1: Bullish Analyst Forecasts
The consensus forecast among 57 analysts covering FB stock is widely bullish, according to a recent Thomson Reuters poll.
The Wall Street Journal shows 40 analysts currently rate Facebook "Buy." That's up from 38 one month ago. Five maintain an "Overweight." Six have a "Hold." Just one rates FB a "Sell."
The 43 analysts providing Thomson Reuters with a 12-month price target for the Menlo Park, Calif.-company have a median target of $91. The high estimate is $107; the low estimate is $65. Those numbers are mirrored at The Wall Street Journal.