Facebook Inc. (FB) shares closed up 8% to $303.91 in trading Wednesday as the social-networking giant surpassed the mark for the first time. Cowen analysts are particularly bullish on the company: On Tuesday, the firm set a street high price target of $330 on the stock. Facebook's stock is up 48% this year. The broader S&P 500 index is up 7.7% this year.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
August 26, 2020 16:02 ET (20:02 GMT)
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