Facebook Touches $50.09 on Goldman PT Upgrade and 2 Other Hot Stocks to Watch

Facebook Inc. (NASDAQ:FB): Current price $50.48

Facebook shares for the first time broke through the $50 level. On Thursday morning, the stock touched $50.09 after Goldman Sachs raised its price target for the social network from $52 to $58. Analyst Heather Bellini pointed to Facebook’s presentation at AdWeek 2013 in New York, writing to clients that, “Our conversations on the conference floor suggest continuing momentum for Facebook, but also significant runway left. Positive sentiment by attendees toward Facebook’s ad products, the successful case studies the company’s advertisers presented, and the company’s increasing commitment to serving advertisers’ needs.”

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