Analysts began covering Facebook's stock Wednesday, and on average, they expect only a 10-cent rise above the stock's IPO price over the next year, according to a report.
The social network giant's stock is now being followed by 17 firms. Among them, eight firms gave Facebook a buy rating, including Morgan Stanley, its lead underwriter.
At the same time, eight others gave hold ratings while one firm gave Facebook stock a sell rating, according to Bloomberg, which compiled the ratings.
Facebook began trading on May 18 with an IPO price of $38. On its first day, it opened at a little more than $42 and at one point jumped as high as $45. But by the next day, the stock was already trading below its opening price.