Twitter Price Target Cut to $48.00 by Analysts at Susquehanna (TWTR)
Analysts at Susquehanna decreased their price objective on shares of Twitter (NYSE:TWTR) to $48.00 in a research report issued to clients and investors on Thursday, Analyst Ratings News reports. Susquehanna’s price target would suggest a potential downside of 27.24% from the stock’s previous close.
Shares of Twitter (NYSE:TWTR) opened at 65.97 on Thursday. 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 $62.40 and its 200-day moving average is $54.55. The company’s market cap is $35.934 billion.
Twitter (NYSE:TWTR) last released its earnings data on Wednesday, February 5th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.03. The company had revenue of $243.00 million for the quarter, compared to the consensus estimate of $218.45 million. On average, analysts predict that Twitter will post $-0.19 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TWTR. Analysts at RBC Capital reiterated a “buy” rating on shares of Twitter in a research note to investors on Thursday. Separately, analysts at Atlantic Securities downgraded shares of Twitter from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday. Finally, analysts at UBS AG downgraded shares of Twitter from a “neutral” rating to a “sell” rating in a research note to investors on Thursday. Eleven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. Twitter has an average rating of “Hold” and a consensus price target of $47.57.
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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