Facebook (FB) Might Hit $50 Today

Facebook (FB) might hit $50 today (02013.09.25). FB closed yesterday at $48.45 after hitting a new 52-week/all-time high of $49.66.

Headlines from the today and yesterday...

Facebook gets buy rating at Canaccord; $60 target

Facebook price target raised to $54 from $36 at Oppenheimer

Facebook upgraded to Buy from Neutral at Citigroup

I liked this headline: "China lifts Facebook ban ... a bit"

FB at $50 gives Facebook Inc. a market value of ~$121 billion.

[update::02013.09.25] FB didn't hit $50 today. FB's intra-day high was $49.54. FB closed at $49.46 giving the company an approximate market value of $120.45 billion.

[update::02013.09.26] FB opened today at $50.00. 25 minutes into trading and FB's intra-day high has been $50.09. Two headlines from this morning.

Facebook tops $50 as Goldman raises price target

Facebook price target raised to $60 from $37 at Jefferies