Abstract This research aims to study the effect of corporate financial analyst coverage on investment efficiency through answering the research question; what is the effect of corporate financial analysts' coverage on the efficiency of their investment? A research hypothesis has been formulated and the number of recommendations issued by the financial analysts of companies during the year was used to measure financial analyst coverage. In addition, the residuals of the deviation from the expected investment was used as a reverse measure of the efficiency of the investment. Data collected from 289 views from a sample of companies listed in the Egyptian Stock Exchange and belongs to non-financial sectors during the period 2011-2017. Multiple regression analysis method, depending on the Panel Data, was employed and results showed that there is a positive relationship between corporate financial analyst coverage and investment efficiency in Egyptian joint stock companies reflecting that if corporate financial analyst coverage increased, the investment efficiency increased. Key words: Financial analyst coverage, Investment Efficiency, Analysts’ recommendations