The company's shares have soared 46 percent in the last year. Trader Pete Najarian also said investors "probably want to be in Facebook" if they choose to buy into social media.
Shares of another social platform, Twitter, touched an all-time low on Tuesday on the heels of a bearish analyst report. Trader Brian Kelly contended investors should not buy into Twitter until the stock gains momentum.
It has plunged more than 60 percent in the last year.
Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.
Brian Kelly is long Bitcoin, US Dollar; he is short Australian Dollar, BLK, Euro, EWA, EWH, FRC, Hong Kong Dollar, IWM, Yuan Short: SPY and S&P 500 Futures
Long AAPL, BAC, BMY, CSCO, DIS, DISCA, GE, KMI, KMI.A, KO, LUX, MRK, PEP, PFE, SAVE, VIAB, ZIOP Long Calls: AAL, AKS, AMJ, CRM, EGO, EWZ, FEYE, GLW, GS, GSAT, HAL, HBAN, KGC, LLY, MT, NLNK, POT, SLV, SRPT, SVU, UAL, YHOO Long Puts: BBY, BID, FCX, PBR, VLO
Long PFE Long TWTR, GE long May 28 puts XHB long June put spread IWM long Sept 100 put XLB long June put spread XLF long May/ Sept Put spread HYG long June put spread XLK long Sept Put spread FXI long aug put spred SMH long aug put spread, KO june / aug put calendar, long UA call calendar, long PYPL call calendar, long TLT Sept risk reversal