Twitter Now Covered by Analysts at FBN Securities (TWTR)
Investment analysts at FBN Securities initiated coverage on shares of Twitter (NYSE:TWTR) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “sector perform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “positive” rating on shares of Twitter in a research note to investors on Monday. They now have a $65.00 price target on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of Twitter in a research note to investors on Thursday, January 9th. They set an “underperform” rating and a $32.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Cantor Fitzgerald downgraded shares of Twitter from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, January 8th. 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. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Twitter currently has a consensus rating of “Hold” and a consensus target price of $44.95.
Twitter (NYSE:TWTR) traded up 0.67% during mid-day trading on Tuesday, hitting $58.21. The stock had a trading volume of 14,810,026 shares. Twitter has a one year low of $38.80 and a one year high of $74.73. The stock’s 50-day moving average is $55.24 and its 200-day moving average is $51.83. The company’s market cap is $31.707 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.
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