Actionable news
All posts from Actionable news
Actionable news in FB: Facebook, Inc.,

Cramer: I see Facebook rolling to $160

Jim Cramer has run out of superlatives to describe just how amazing Facebook is.

Somehow this $357 billion company can still generate accelerating revenue growth and 58 percent gross margins. In Cramer's opinion, Facebook is on a different plane than everyone else.

Shares of Facebook initially skyrocketed to $128 at the open on Thursday but pared gains to $125 by market close.

With such an amazing quarter, how could this be possible?

"We have seen bouts of selling after great quarters before. I suggest you use the weakness to buy the stock, because I can see Facebook rolling toward $160 over time, which is where it starts to get classically expensive on an earnings basis," the "Mad Money" host said.

Cramer traced the greatness of...