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The Facebook stock price hit an all-time high of $99.24 Tuesday and closed the session at a record $98.95. Facebook Inc. (Nasdaq: FB) stock has been on tear in July, climbing more than 13% this month alone.
According to Money Morning Director of Technology & Venture Capital Research Michael A. Robinson, the Facebook stock price will hit $250 per share by 2020. That represents a nearly 33% jump from the current price of $187.75.