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Facebook's (FB +1.9%) lead underwriters - Morgan Stanley, JPMorgan, and Goldman - have been...

Facebook's (FB +1.9%) lead underwriters - Morgan Stanley, JPMorgan, and Goldman - have been unwaveringly bullish since the company's May IPO: all 40 of the reports issued by the firms featured buy recommendations. Moreover, though others have issued bearish reports, none of the 208 reports released by Facebook's 33 underwriters have urged investors to sell, per Thomson Reuters (62% were bullish, 38% neutral). In spite of its recent rally, Facebook is still down 30% from its $38 IPO price. (BMO upgrade)
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Comments (2)
  • Stone Fox Capital
    , contributor
    Comments (7035) | Send Message
     
    Otherwise they've all been WRONG! Nothing new though.
    31 Dec 2012, 11:49 AM Reply Like
  • bylo
    , contributor
    Comments (2) | Send Message
     
    It is now a favorite of those who knocked it. Analysts resemble sheep in that each one follows until the entire group is thinking alike. FB was one of the most reviled companies I had ever seen. Now, it's turning into the beloved one. Where were they at 18 1/2? Let's hope they are right this time. I personally believe that this will be another Google. Think of this, a billion people each day use FB. That's 1,000,000,000. (I think I have enough zeroes.) What other company can reach 1,000,000,000 every day?
    31 Dec 2012, 12:23 PM Reply Like
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