July 25 - Facebook surges but still trades below its $38 offer price. A look at how analysts see the stock. Plus, new features from LinkedIn.
38 dollars Alex Facebook's price when it went public last may. It hasn't traded north at 38 since day one when Mark Zuckerberg and company celebrated the IPO FaceBook headquarters in Menlo park California. They were all smiles that. It opened lower on -- two and went down from there the stock has crossed thirty a couple of times but I was fleeting. Now it has regained the thirty dollar level and then some jumping more than 25%. Hi Phil -- today actually 34 dollars. This you -- it's based on the stellar quarter profit itself top forecasts ad revenue soaring more than 50% over last year. More about revenue even stronger with no signs of losing users but the stock is still below its offer price. -- not all convinced it will get there. Serious profit. 38 dollars that was -- looks -- when it went public last may. It hasn't traded north of 38 since day one when Mark Zuckerberg and company celebrated the IPO FaceBook headquarters in Menlo park California. They were all smiles that. It opened lower on day two and went down from there the stock has crossed thirty a couple of times but that was fleeting. Now it has regained the thirty dollar level and then some jumping more than 25%. Hi so -- today actually 34 dollars. This euphoria is based on the stellar quarter profit sales topped forecasts ad revenue soaring more than 50% year over year. Walk -- revenue even stronger with no signs of losing users but the stock is still below its offer price. Analysts not all convinced it'll get there either Morgan Stanley the lead underwriter on the IPO calls the quarter mold around monetization magic. Analysts pointing out engagement at an all time high despite more -- the price target only 37 dollars one dollar below where FaceBook began. There's more optimism from second and they're underwriters JPMorgan and Goldman Sachs. We JPM thing FaceBook is position to significantly improved monetization over time. And to become and in doing blue chip company built for the long term. JPM with a 44 dollar price target Goldman 46. And our personal favorite staple raising its price target from twenty dollars to thirty dollars and one cent. That's right one penny above the offer price calling it realistic. Bullish. If you new job or looking for a better once you're on Linkedin. You can easily spent hours updating your profile looking at other people's reading articles in uploading videos. Now Lincoln wanted to spend even more time. Today it's introducing the ability to add info graphics. -- B marketers are one of -- its target audiences and Lincoln says 40% an unused in from graphics last year this number is only expected to grow. According to techcrunch Lincoln wants to become more than just a place for people job search the company keeps inventing ways for you to spend a -- of time on their site. More time needs more revenues from advertisers. Linked to reports quarterly earnings next Thursday. The shares are up more than 3% today and more than 7% this year. Soaring today is -- China's largest Internet search company said revenues from mobile's services when more than 10%. For the first time ever. This cop there's a lot of market share to rivals. The stocks up close to 10%. And sputtering is Western Digital. The hard drive maker reported a higher than expected quarterly profit. The forecast third quarter results below analysts' estimates shares down 6%. That's equity this Thursday you could follow us on Twitter at RT RS equity. I'm just were not that it is brighter.