Will Facebook Stock Surge to $300?

The digital advertising market will recover sooner than many investors currently expect -- and Facebook (NASDAQ: FB) stands to profit handsomely.

So says Baird analyst Colin Sebastian. On Thursday, Sebastian reiterated his "Outperform" rating on Facebook's stock and boosted his target price from $240 to $300. His new target represents potential gains of 27% for investors, based on Facebook's current share price of $236.

Baird analyst Colin Sebastian says Facebook's stock has plenty of upside. Image source: Getty Images.

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Source Fool.com