Facebook shares surged to a record Thursday, a day after the social media giant reported better-than-expected fourth-quarter earnings, highlighted by strong advertising revenue growth.

Below is a summary of what Wall Street firms are telling clients to do with the stock now.



Wedbush



"Facebook has a huge competitive advantage with nearly 1.9 billion monthly active users and over 1.2 billion daily active users, attracting 4 million advertisers to its captive and desirable audience. We expect rapid growth overseas, and expanded monetization of under-penetrated Instagram, WhatsApp, and Messenger over the coming years."

Wedbush reiterated an outperform rating on Facebook and boosted its 12-month price target to $175 from $162, implying a gain of 31 percent from here.

