Twitter Now Covered by Analysts at Sanford C. Bernstein (TWTR)
Stock analysts at Sanford C. Bernstein assumed coverage on shares of Twitter (NYSE:TWTR) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $40.00 price target on the stock. Sanford C. Bernstein’s price objective points to a potential downside of 12.32% from the stock’s previous close. The analysts noted that the move was a valuation call.
Twitter (NYSE:TWTR) opened at 45.62 on Friday. Twitter has a 52 week low of $38.80 and a 52 week high of $50.09. The stock has a 50-day moving average of $42.13 and a 200-day moving average of $42.13. The company’s market cap is $24.849 billion.
Several other analysts have also recently commented on the stock. Analysts at Merrill Lynch initiated coverage on shares of Twitter in a research note to investors on Monday. They set an “underperform” rating on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of Twitter in a research note to investors on Monday. They set an “underperform” rating and a $36.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Twitter in a research note to investors on Monday. They set an “equal weight” rating on the stock. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. Twitter presently has an average rating of “Hold” and a consensus price target of $40.79.
Twitter operates a free digital service site that blends social networking with the ability to post short messages (NYSE:TWTR) limited to 140 characters or less, commonly known by users as Tweets.
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