3 Buzzing Social Media Stocks: Facebook Rides Initiation, Yelp’s Sting Operation, LinkedIn Pushes for Media

Facebook (NASDAQ:FB): An initiation of coverage at Buy from Canaccord is helping Facebook shares trade even higher, as more sell-side firms continue to convert their opinions following Facebook’s fourth quarter report. The firm notes that Facebook’s global penetration is only about 20 percent, and sees upside from Instagram magnetization and the upcoming launch of the video ad product. The price target is set for $60.