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Facebook’s Share Rally Leaves Analysts Racing to Catch Up: Tech

Wall Street analysts are racing to keep up with Facebook Inc.’s stock rally.

Shares of the world’s biggest social network have jumped 28 percent so far this year, compared with a 1 percent gain for the Standard & Poor’s 500 Index. The surge has left the 49 analysts who cover Facebook in a bind -- while 38 of them recommend the company with the equivalent of a buy rating, 16 of the total now have share-price targets below where Facebook is trading, data compiled by Bloomberg through shows.