The new lifetime high comes after a year of increasing mobile advertising and marketing initiatives that expanded its apps and video, according to Bloomberg. Shares of Facebook increased 49% through 2014 so far.
Last week, a Citi research analyst said that Instagram, the photo sharing network Facebook bought in 2012 for $1 billion, is now worth $35 billion on its own.
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"Using what we believe to be conservative assumptions around user growth and monetization, we believe Instagram is worth $35 billion -- up from the $19 billion we had previously estimated due to faster growth in its audience as well as continued monetization gains by social media properties," analyst Mark May Wrote.
TheStreet Ratings team rates FACEBOOK INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate FACEBOOK INC (FB) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation."