NEW YORK ( TheStreet) -- Facebook (FB - Get Report) gained 1.24% to reach $31.93 in premarket trading Monday amid positive analyst sentiment ahead of the company's fourth-quarter results on Wednesday.
Bank of America Merrill Lynch reiterated its Facebook "buy" rating on Monday, citing expected revenue acceleration and upside from mobile.
The social networker was also the most active premarket Nasdaq stock on share volume of 519,024.
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