Wall Street has remained resolute in its support of Facebook Inc.’s stock ahead of its earnings report on Monday despite a barrage of negative headlines and steady decline for its share price.
Some 80% of analysts tracked by Bloomberg recommend buying Facebook shares, while only 5% have the equivalent of a sell rating. That kind of positive consensus is common for the biggest tech names -- for example, every Amazon.com analyst recommends buying the stock -- but Facebook stands out after shares suffered a record six-week decline, pushing the price near the lowest level since May.
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October 25, 2021 at 06:13PM
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Facebook Keeps Fans on Wall Street Despite Deepening Selloff - Bloomberg
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