Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
Overall, 2014 was a year of great progress for the Facebook community. 1.39 billion people now use Facebook each month and 890 million people daily, an increase of 165 million monthly actives and 133 million daily actives this year.
Facebook Inc.'s stock price fell more than 1 percent in extended-hours trading Wednesday, while shares of Qualcomm Inc. plunged 7 percent after both technology companies reported mixed earnings results after the closing bell.
RBC Capital analyst Mark Mahaney reiterated an Outperform rating and reduced his target price by $2 to $92 on Facebook Inc (NASDAQ:FB), following the social network giant's upbeat fourth quarter fiscal year 2014 (4QFY14) earnings.
Goldman Sachs has revised its 12-month target price for Facebook Inc. (NASDAQ:FB) from $85 to $90. This target price by Goldman Sachs reflects an 18% appreciation for Facebook stock from yesterday's closing price of $76.24.