Facebook Gains on Apple in Wall Street Rating Race
If Wall Street had a tech-stock popularity contest, Facebook would be closing in on Apple.
In a sign of the two companies’ changing reputations, Apple Inc. and Facebook Inc. are seeing the difference in the percentage of analysts recommending their stocks narrow, according to Thomson Reuters data. Just a month ago, the percentage of analysts rating each at “buy” differed by about 17 points: 84 percent of analysts recommended Apple and 67 percent recommended Facebook. Three months ago, that distance was 25 percentage points. Now, 71 percent of analysts recommend Facebook and 77 percent recommend Apple.