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Investment analysts at Cowen and Company initiated coverage on shares of Twitter (NYSE:TWTR) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating and a $32.00 price target on the stock. Cowen and Company’s target price would indicate a potential downside of 43.91% from the company’s current price. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald downgraded shares of Twitter from a “hold” rating to a “sell” rating in a research note to investors on Wednesday. They now have a $32.00 price target on the stock, up previously from $4.80. They noted that the move was a valuation call. Separately, analysts at CRT Capital downgraded shares of Twitter from a “buy” rating to a “fair value” rating in a research note to investors on Monday. They noted that the move was a valuation call. Finally, analysts at Morgan Stanley downgraded shares of Twitter from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday. They now have a $33.00 price target on the stock, down previously from $61.46. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company’s stock. Twitter has an average rating of “Hold” and an average target price of $44.09.

Twitter (NYSE:TWTR) traded down 3.78% during mid-day trading on Thursday, hitting $57.05. The stock had a trading volume of 31,121,972 shares. Twitter has a 52-week low of $38.80 and a 52-week high of $74.73. The stock’s 50-day moving average is $53.79 and its 200-day moving average is $51.44. The company’s market cap is $31.075 billion.

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.

The Fly On The Wall

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